Schwarz Dygos Wheeler Investment Advisors LLC Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Schwarz Dygos Wheeler Investment Advisors LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,905 shares of the e-commerce giant’s stock after selling 646 shares during the quarter. Amazon.com comprises 0.9% of Schwarz Dygos Wheeler Investment Advisors LLC’s holdings, making the stock its 27th largest position. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Amazon.com were worth $3,597,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter valued at $35,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $221.47 on Wednesday. The stock’s 50-day moving average is $220.25 and its 200-day moving average is $208.61. The company has a market cap of $2.36 trillion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.

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

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 25,101,037 shares of company stock valued at $5,674,726,368 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMZN shares. Monness Crespi & Hardt lifted their price objective on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Royal Bank Of Canada lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Moffett Nathanson boosted their target price on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Finally, Telsey Advisory Group boosted their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price 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.