Dunhill Financial LLC Has $1.27 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Dunhill Financial LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 24.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,674 shares of the e-commerce giant’s stock after selling 2,175 shares during the quarter. Dunhill Financial LLC’s holdings in Amazon.com were worth $1,270,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. JBR Co Financial Management Inc lifted its holdings in Amazon.com by 12.4% during the first quarter. JBR Co Financial Management Inc now owns 14,393 shares of the e-commerce giant’s stock worth $2,738,000 after acquiring an additional 1,583 shares during the period. Marino Stram & Associates LLC lifted its holdings in Amazon.com by 0.6% during the first quarter. Marino Stram & Associates LLC now owns 18,290 shares of the e-commerce giant’s stock worth $3,480,000 after acquiring an additional 108 shares during the period. Golden Road Advisors LLC lifted its holdings in Amazon.com by 9.1% during the first quarter. Golden Road Advisors LLC now owns 3,412 shares of the e-commerce giant’s stock worth $649,000 after acquiring an additional 284 shares during the period. Kingswood Wealth Advisors LLC increased its position in Amazon.com by 284.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 396,506 shares of the e-commerce giant’s stock worth $76,031,000 after buying an additional 293,277 shares during the last quarter. Finally, Ayalon Insurance Comp Ltd. increased its position in Amazon.com by 69.8% in the first quarter. Ayalon Insurance Comp Ltd. now owns 23,798 shares of the e-commerce giant’s stock worth $4,528,000 after buying an additional 9,784 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on AMZN shares. Evercore ISI decreased their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Mizuho decreased their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. DA Davidson decreased their target price on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Westpark Capital reissued a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.60.

Amazon.com Trading Up 1.5%

Shares of AMZN stock opened at $223.13 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $206.44 and a two-hundred day moving average price of $208.62. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.37 trillion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 224,926 shares of the business’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $223.56, for a total value of $50,284,456.56. Following the completion of the sale, the insider directly owned 905,454,975 shares of the company’s stock, valued at approximately $202,423,514,211. This trade represents a 0.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,963 shares of company stock worth $757,297,707 in the last 90 days. 9.70% of the stock is currently owned by company insiders.

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.