Amazon.com, Inc. (NASDAQ:AMZN) is Premier Path Wealth Partners LLC's 5th Largest Position

Premier Path Wealth Partners LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,855 shares of the e-commerce giant's stock after selling 6,271 shares during the quarter. Amazon.com comprises approximately 1.8% of Premier Path Wealth Partners LLC's portfolio, making the stock its 5th biggest position. Premier Path Wealth Partners LLC's holdings in Amazon.com were worth $11,388,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Compass Planning Associates Inc purchased a new position in shares of Amazon.com in the 4th quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com in the fourth quarter worth $54,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMZN shares. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research report on Tuesday. Piper Sandler reiterated an "overweight" rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Evercore ISI decreased their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Citigroup reissued a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Finally, Mizuho dropped their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $246.41.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This trade represents a 26.59% 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. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,401,408 shares of company stock worth $1,423,159,137 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of AMZN traded up $4.28 during mid-day trading on Wednesday, hitting $223.64. 4,127,765 shares of the company were exchanged, compared to its average volume of 44,616,836. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a 50 day moving average of $207.80 and a 200-day moving average of $208.58.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly 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 return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.