OLIO Financial Planning Lowers Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

OLIO Financial Planning lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,212 shares of the e-commerce giant’s stock after selling 269 shares during the quarter. Amazon.com comprises about 0.3% of OLIO Financial Planning’s holdings, making the stock its 24th largest position. OLIO Financial Planning’s holdings in Amazon.com were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Seneca House Advisors boosted its holdings in Amazon.com by 23.8% in the 1st quarter. Seneca House Advisors now owns 6,177 shares of the e-commerce giant’s stock valued at $1,175,000 after purchasing an additional 1,187 shares in the last quarter. Blue Zone Wealth Advisors LLC boosted its holdings in Amazon.com by 3.9% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 28,898 shares of the e-commerce giant’s stock valued at $5,498,000 after purchasing an additional 1,081 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in Amazon.com by 6.7% in the 1st quarter. Independence Bank of Kentucky now owns 81,265 shares of the e-commerce giant’s stock valued at $15,461,000 after purchasing an additional 5,091 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in Amazon.com by 6.0% in the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 101,690 shares of the e-commerce giant’s stock valued at $19,348,000 after purchasing an additional 5,732 shares in the last quarter. Finally, Epiq Partners LLC boosted its holdings in Amazon.com by 5.0% in the 1st quarter. Epiq Partners LLC now owns 2,461 shares of the e-commerce giant’s stock valued at $468,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMZN shares. Truist Financial lowered their price objective on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Scotiabank lowered their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. Wells Fargo & Company reduced their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Piper Sandler reiterated an “overweight” rating and set a $212.00 price target (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Westpark Capital reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.53.

Amazon.com Trading Down 1.3%

Shares of AMZN opened at $209.69 on Friday. The stock has a fifty day moving average of $198.41 and a two-hundred day moving average of $209.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $2.23 trillion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the sale, the chief executive officer now owns 517,050 shares of the company’s stock, valued at approximately $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 in the last ninety days. Insiders own 9.70% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.