Amazon.com, Inc. (NASDAQ:AMZN) is Sowell Financial Services LLC’s 7th Largest Position

Sowell Financial Services LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,672 shares of the e-commerce giant’s stock after selling 1,975 shares during the quarter. Amazon.com comprises approximately 1.9% of Sowell Financial Services LLC’s portfolio, making the stock its 7th largest holding. Sowell Financial Services LLC’s holdings in Amazon.com were worth $41,605,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMZN. Tallon Kerry Patrick acquired a new stake in shares of Amazon.com in the fourth quarter valued at $800,000. Capital & Planning LLC increased its stake in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after purchasing an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC raised its position in shares of Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after purchasing an additional 860 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after acquiring an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Amazon.com in the 4th quarter valued at about $301,650,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMZN. Benchmark reiterated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. DA Davidson reduced their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Citizens Jmp cut their price target on Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Wall Street Zen downgraded Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, Tigress Financial raised their target price on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.60.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the transaction, the chief executive officer owned 517,050 shares in the company, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president owned 47,030 shares of the company’s stock, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,424,463 shares of company stock valued at $756,747,557. Company insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $219.92 on Thursday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.33 trillion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. The company’s 50-day moving average is $205.03 and its 200-day moving average is $208.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business 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%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. Equities research analysts expect 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.