Refined Wealth Management Has $863,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Refined Wealth Management cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,536 shares of the e-commerce giant’s stock after selling 293 shares during the period. Amazon.com comprises approximately 0.7% of Refined Wealth Management’s portfolio, making the stock its 19th biggest holding. Refined Wealth Management’s holdings in Amazon.com were worth $863,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. EWA LLC increased its position in Amazon.com by 16.8% in the first quarter. EWA LLC now owns 28,437 shares of the e-commerce giant’s stock worth $5,410,000 after buying an additional 4,083 shares during the last quarter. Flower City Capital boosted its holdings in shares of Amazon.com by 46.8% in the 1st quarter. Flower City Capital now owns 4,627 shares of the e-commerce giant’s stock worth $880,000 after purchasing an additional 1,475 shares in the last quarter. Integrity Wealth Solutions LLC boosted its holdings in shares of Amazon.com by 2.6% in the 1st quarter. Integrity Wealth Solutions LLC now owns 10,407 shares of the e-commerce giant’s stock worth $1,980,000 after purchasing an additional 259 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Amazon.com by 1,979.7% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 273,066 shares of the e-commerce giant’s stock worth $51,954,000 after purchasing an additional 259,936 shares in the last quarter. Finally, Vantage Investment Partners LLC boosted its holdings in shares of Amazon.com by 387.1% in the 1st quarter. Vantage Investment Partners LLC now owns 197,505 shares of the e-commerce giant’s stock worth $37,577,000 after purchasing an additional 156,957 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 384,124 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total value of $86,051,458.48. Following the completion of the sale, the insider directly owned 901,995,325 shares in the company, valued at $202,064,992,706.50. This represents a 0.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,886,613 shares of company stock valued at $1,531,840,610 in the last three months. 9.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMZN. Scotiabank lowered their target price on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, April 21st. Moffett Nathanson upped their price objective on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Morgan Stanley lifted their target price on Amazon.com from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday. Wedbush reiterated an “outperform” rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Jefferies Financial Group lowered their target price on Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $249.42.

Amazon.com Trading Up 1.2%

Shares of NASDAQ AMZN opened at $225.02 on Friday. 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 stock has a market capitalization of $2.39 trillion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business has a fifty day moving average price of $209.90 and a 200 day moving average price of $208.49.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.