Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Integris Wealth Management LLC

Integris Wealth Management LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,663 shares of the e-commerce giant’s stock after selling 331 shares during the period. Integris Wealth Management LLC’s holdings in Amazon.com were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter valued at $35,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at $40,000. Finally, Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the transaction, the senior vice president directly 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 three months, insiders sold 6,886,613 shares of company stock valued at $1,531,840,610. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.3%

Shares of Amazon.com stock opened at $225.69 on Tuesday. The stock has a 50-day moving average price of $210.69 and a 200 day moving average price of $208.38. The company has a market cap of $2.40 trillion, a P/E ratio of 36.76, a P/E/G 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 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 (NASDAQ:AMZN) last announced its quarterly 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 business 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 firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Wedbush reiterated an “outperform” rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Wall Street Zen lowered Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Piper Sandler set a $250.00 price objective on shares of Amazon.com and gave the company an “overweight” rating in a research report on Friday. Finally, Needham & Company LLC reaffirmed 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 issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.42.

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.