Amazon.com, Inc. (NASDAQ:AMZN) Position Trimmed by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,278 shares of the e-commerce giant’s stock after selling 828 shares during the period. Amazon.com comprises about 0.8% of Relyea Zuckerberg Hanson LLC’s portfolio, making the stock its 26th largest holding. Relyea Zuckerberg Hanson LLC’s holdings in Amazon.com were worth $5,951,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. F&V Capital Management LLC grew its position in shares of Amazon.com by 42.7% during the first quarter. F&V Capital Management LLC now owns 2,154 shares of the e-commerce giant’s stock worth $410,000 after acquiring an additional 645 shares during the last quarter. Founders Grove Wealth Partners LLC grew its position in shares of Amazon.com by 2.3% during the first quarter. Founders Grove Wealth Partners LLC now owns 4,399 shares of the e-commerce giant’s stock worth $837,000 after acquiring an additional 100 shares during the last quarter. Paragon Capital Management Ltd grew its position in shares of Amazon.com by 59.9% during the first quarter. Paragon Capital Management Ltd now owns 2,424 shares of the e-commerce giant’s stock worth $461,000 after acquiring an additional 908 shares during the last quarter. Verity & Verity LLC grew its position in shares of Amazon.com by 14.4% during the first quarter. Verity & Verity LLC now owns 1,642 shares of the e-commerce giant’s stock worth $312,000 after acquiring an additional 207 shares during the last quarter. Finally, RMR Wealth Builders grew its position in shares of Amazon.com by 0.7% during the first quarter. RMR Wealth Builders now owns 70,891 shares of the e-commerce giant’s stock worth $13,488,000 after acquiring an additional 468 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMZN. DA Davidson lowered their price target on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 14th. UBS Group restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Westpark Capital restated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Bank of America increased their target price on shares of Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $245.81.

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’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 transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 in the last 90 days. Company insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $223.30 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $2.37 trillion, a PE ratio of 36.37, a P/E/G ratio of 1.68 and a beta of 1.33. The firm has a 50-day moving average of $202.26 and a two-hundred day moving average of $208.86.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Profile

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.