Benchmark Financial Wealth Advisors LLC Sells 1,147 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Benchmark Financial Wealth Advisors LLC reduced its stake in Amazon.com by 5.7%, holding 18,852 shares valued at approximately $3.59 million, which constitutes 1.4% of its investment portfolio.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon, totaling nearly $960.67 million, resulting in a 0.47% decrease in his stock position.
• Analyst ratings for Amazon are mixed, with forty-five analysts

Benchmark Financial Wealth Advisors LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,852 shares of the e-commerce giant's stock after selling 1,147 shares during the period. Amazon.com makes up approximately 1.4% of Benchmark Financial Wealth Advisors LLC's holdings, making the stock its 21st biggest position. Benchmark Financial Wealth Advisors LLC's holdings in Amazon.com were worth $3,587,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMZN. Deseret Mutual Benefit Administrators raised its position in Amazon.com by 6.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 5,430 shares of the e-commerce giant's stock worth $1,033,000 after buying an additional 342 shares during the last quarter. Smallwood Wealth Investment Management LLC raised its position in Amazon.com by 5.6% in the 1st quarter. Smallwood Wealth Investment Management LLC now owns 3,755 shares of the e-commerce giant's stock worth $714,000 after buying an additional 200 shares during the last quarter. Smith Salley Wealth Management raised its position in Amazon.com by 0.9% in the 1st quarter. Smith Salley Wealth Management now owns 255,934 shares of the e-commerce giant's stock worth $48,694,000 after buying an additional 2,328 shares during the last quarter. Saxon Interests Inc. raised its position in Amazon.com by 2.7% in the 1st quarter. Saxon Interests Inc. now owns 26,479 shares of the e-commerce giant's stock worth $5,038,000 after buying an additional 704 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at about $514,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AMZN shares. Citigroup upped their price target on shares of Amazon.com from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Evercore ISI reduced their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Moffett Nathanson upped their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Benchmark reaffirmed a "buy" rating and set a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Wedbush reaffirmed an "outperform" rating and set a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $255.21.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $1.89 during midday trading on Tuesday, reaching $230.90. 8,528,015 shares of the stock traded hands, compared to its average volume of 43,771,383. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $2.45 trillion, a PE ratio of 37.61, a P/E/G ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company's 50 day moving average is $216.19 and its 200 day moving average is $208.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the company earned $0.98 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction 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. This trade represents a 0.30% 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. In the last 90 days, insiders sold 25,102,037 shares of company stock worth $5,674,871,223. Corporate insiders own 9.70% of the company's stock.

Amazon.com Company 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.