Vanguard Capital Wealth Advisors Sells 4,625 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Vanguard Capital Wealth Advisors reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,488 shares of the e-commerce giant’s stock after selling 4,625 shares during the period. Amazon.com comprises about 7.3% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 2nd largest position. Vanguard Capital Wealth Advisors’ holdings in Amazon.com were worth $5,991,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Cable Hill Partners LLC lifted its stake in Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after buying an additional 44 shares during the period. Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the period. Northern Capital Management Inc. lifted its stake in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management lifted its stake in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after buying an additional 47 shares during the period. Finally, Balanced Wealth Group LLC lifted its stake in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after buying an additional 48 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. 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 quarter. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. DA Davidson decreased their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. Needham & Company LLC restated a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Cantor Fitzgerald boosted their price objective on Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Wall Street Zen downgraded Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Finally, Morgan Stanley decreased their price objective on Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.53.

Amazon.com Stock Down 1.3%

Shares of NASDAQ AMZN opened at $209.69 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The business’s fifty day moving average price is $198.41 and its 200-day moving average price is $209.31. The stock has a market capitalization of $2.23 trillion, a PE ratio of 34.15, a P/E/G ratio of 1.61 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.