Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 14,971 shares of the e-commerce giant’s stock after selling 452 shares during the period. Amazon.com comprises about 1.5% of Proactive Wealth Strategies LLC’s holdings, making the stock its 17th biggest holding. Proactive Wealth Strategies LLC’s holdings in Amazon.com were worth $2,848,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Navis Wealth Advisors LLC lifted its position in shares of Amazon.com by 8.4% in the first quarter. Navis Wealth Advisors LLC now owns 6,292 shares of the e-commerce giant’s stock valued at $1,197,000 after acquiring an additional 489 shares in the last quarter. Berry Wealth Group LP lifted its holdings in Amazon.com by 7.5% in the 1st quarter. Berry Wealth Group LP now owns 6,297 shares of the e-commerce giant’s stock valued at $1,198,000 after purchasing an additional 441 shares in the last quarter. G2 Capital Management LLC OH boosted its stake in Amazon.com by 2.5% during the 1st quarter. G2 Capital Management LLC OH now owns 8,765 shares of the e-commerce giant’s stock worth $1,668,000 after purchasing an additional 210 shares during the last quarter. Retirement Guys Formula LLC boosted its stake in Amazon.com by 4.2% during the 1st quarter. Retirement Guys Formula LLC now owns 9,967 shares of the e-commerce giant’s stock worth $1,896,000 after purchasing an additional 402 shares during the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in shares of Amazon.com by 0.3% during the first quarter. Sheets Smith Wealth Management now owns 95,855 shares of the e-commerce giant’s stock worth $18,237,000 after buying an additional 264 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $226.35 on Wednesday. The business has a 50-day simple moving average of $211.52 and a 200-day simple moving average of $208.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.40 trillion, a PE ratio of 36.86, a P/E/G ratio of 1.69 and a beta of 1.33.

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

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the transaction, the chief executive officer owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,602,037 shares of company stock worth $3,044,172,641. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Stifel Nicolaus decreased their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Cantor Fitzgerald raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Benchmark restated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Evercore ISI cut their price target on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Finally, Raymond James Financial reissued an “outperform” rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Three investment 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 data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average 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.