Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Great Point Wealth Advisors LLC

Great Point Wealth Advisors LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,499 shares of the e-commerce giant’s stock after selling 210 shares during the quarter. Great Point Wealth Advisors LLC’s holdings in Amazon.com were worth $666,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 25,102,037 shares of company stock valued at $5,674,871,223. 9.70% of the stock is currently owned by insiders.

Amazon.com Trading Down 0.3%

Shares of NASDAQ AMZN opened at $231.44 on Friday. The stock has a market cap of $2.46 trillion, a price-to-earnings ratio of 37.69, a PEG ratio of 1.72 and a beta of 1.33. The business has a 50 day simple moving average of $215.66 and a 200 day simple moving average of $208.82. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. 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 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business 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 quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on shares of Amazon.com from $233.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Wedbush restated an “outperform” rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Citizens Jmp assumed coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, July 10th. Finally, BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $254.33.

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.