Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by Balboa Wealth Partners

Balboa Wealth Partners decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,996 shares of the e-commerce giant’s stock after selling 549 shares during the quarter. Amazon.com comprises 2.9% of Balboa Wealth Partners’ holdings, making the stock its 7th largest holding. Balboa Wealth Partners’ holdings in Amazon.com were worth $11,986,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management acquired a new stake in Amazon.com in the 4th quarter valued at about $35,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at about $40,000. Finally, Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer directly owned 2,148,694 shares in the company, valued at $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,602,037 shares of company stock worth $3,044,172,641 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.3%

AMZN stock opened at $226.35 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The business’s 50 day moving average price is $211.52 and its two-hundred day moving average price is $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 (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Westpark Capital reiterated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Citizens Jmp began coverage on Amazon.com in a research note on Thursday, July 10th. They set a “strong-buy” rating for the company. Rosenblatt Securities upped their price target on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Moffett Nathanson boosted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Three research 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 MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price 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.