Bensler LLC Sells 648 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bensler LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,580 shares of the e-commerce giant’s stock after selling 648 shares during the period. Amazon.com comprises about 1.5% of Bensler LLC’s portfolio, making the stock its 22nd largest holding. Bensler LLC’s holdings in Amazon.com were worth $12,097,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Lynch Asset Management Inc. grew its position in Amazon.com by 0.6% in the first quarter. Lynch Asset Management Inc. now owns 42,150 shares of the e-commerce giant’s stock valued at $8,019,000 after purchasing an additional 250 shares in the last quarter. Smithbridge Asset Management Inc. DE bought a new position in shares of Amazon.com in the 1st quarter valued at about $15,251,000. Donald L. Hagan LLC grew its position in shares of Amazon.com by 3.2% in the 1st quarter. Donald L. Hagan LLC now owns 3,776 shares of the e-commerce giant’s stock valued at $718,000 after acquiring an additional 117 shares during the period. F&V Capital Management LLC grew its position in shares of Amazon.com by 42.7% in the 1st quarter. F&V Capital Management LLC now owns 2,154 shares of the e-commerce giant’s stock valued at $410,000 after acquiring an additional 645 shares during the period. Finally, Founders Grove Wealth Partners LLC grew its position in shares of Amazon.com by 2.3% in the 1st quarter. Founders Grove Wealth Partners LLC now owns 4,399 shares of the e-commerce giant’s stock valued at $837,000 after acquiring an additional 100 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Piper Sandler reissued an “overweight” rating and issued a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Truist Financial decreased their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group decreased their price objective on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Oppenheimer lifted their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $245.81.

Insider Activity

In related news, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The transaction 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 company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $223.30 on Friday. The firm has a 50 day moving average of $202.26 and a 200-day moving average of $208.86. The stock has a market capitalization of $2.37 trillion, a PE ratio of 36.37, a PEG ratio of 1.68 and a beta of 1.33. 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 12 month low of $151.61 and a 12 month high of $242.52.

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