Code Waechter LLC Has $705,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Code Waechter LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,708 shares of the e-commerce giant’s stock after selling 220 shares during the period. Code Waechter LLC’s holdings in Amazon.com were worth $705,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth about $35,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $213.75 on Wednesday. The business’s fifty day moving average is $218.57 and its 200-day moving average is $208.96. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.28 trillion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $158.54 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction 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 owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 25,102,037 shares of company stock valued at $5,674,937,048. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Pivotal Research boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Mizuho cut their price objective on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Finally, Rosenblatt Securities boosted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $262.45.

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.