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

Meadow Creek Wealth Advisors LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,217 shares of the e-commerce giant’s stock after selling 84 shares during the period. Amazon.com makes up 1.7% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest position. Meadow Creek Wealth Advisors LLC’s holdings in Amazon.com were worth $2,324,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AMZN. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $800,000. LaFleur & Godfrey LLC raised its stake in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC raised its stake in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after purchasing an additional 986 shares during the period. Finally, Bank Pictet & Cie Europe AG raised its stake in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.3%

Shares of Amazon.com stock opened at $231.44 on Friday. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company 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 12-month low of $151.61 and a 12-month high of $242.52.

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, 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 during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter last year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on AMZN shares. Bank of America lifted their price target on shares of Amazon.com from $248.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday. Moffett Nathanson lifted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. JMP Securities boosted their target price on shares of Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a research note on Thursday, July 10th. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research note on Tuesday, July 1st. Finally, DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $254.33.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was 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 directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 25,102,037 shares of company stock valued at $5,674,871,223 over the last three months. Insiders own 9.70% of the company’s stock.

Amazon.com Profile

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.