FLC Capital Advisors Sells 72 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

FLC Capital Advisors reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,596 shares of the e-commerce giant’s stock after selling 72 shares during the quarter. Amazon.com comprises 1.2% of FLC Capital Advisors’ holdings, making the stock its 20th largest holding. FLC Capital Advisors’ holdings in Amazon.com were worth $5,441,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Western Wealth Management LLC boosted its position in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $749,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $514,000. Segall Bryant & Hamill LLC boosted its position in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after buying an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $12,014,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $231.03 on Friday. The stock has a fifty day moving average of $221.41 and a 200 day moving average of $208.64. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

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

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. HSBC boosted their price objective on Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. Cantor Fitzgerald boosted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Benchmark reissued a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Raymond James Financial reissued an “outperform” rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Finally, Piper Sandler boosted their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $262.87.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

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.