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

Perigon Wealth Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 433,219 shares of the e-commerce giant’s stock after selling 789 shares during the quarter. Amazon.com comprises approximately 2.1% of Perigon Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. Perigon Wealth Management LLC’s holdings in Amazon.com were worth $82,424,000 as of its most recent SEC filing.

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

Amazon.com Trading Up 0.3%

Shares of AMZN stock opened at $223.88 on Friday. The company has a market cap of $2.38 trillion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The stock’s 50 day simple moving average is $212.84 and its two-hundred day simple moving average is $208.62. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for 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 business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the firm’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 $4,211,799.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’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 value of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 in the last quarter. Company insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Tuesday, July 8th. JMP Securities boosted their price target on shares of Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a report on Thursday, July 10th. Wedbush reiterated an “outperform” rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Moffett Nathanson upped their price target on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, Truist Financial raised their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $250.35.

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.