Amazon.com, Inc. (NASDAQ:AMZN) is Sowell Financial Services LLC's 7th Largest Position

Sowell Financial Services LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,672 shares of the e-commerce giant's stock after selling 1,975 shares during the period. Amazon.com accounts for about 1.9% of Sowell Financial Services LLC's investment portfolio, making the stock its 7th biggest position. Sowell Financial Services LLC's holdings in Amazon.com were worth $41,605,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter worth about $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter worth about $35,000. Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% during the fourth 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 during the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com during the fourth quarter valued at approximately $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president owned 47,030 shares of the company's stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president owned 119,780 shares of the company's stock, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,426,963 shares of company stock worth $757,297,707. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock traded up $3.21 during trading hours on Friday, hitting $223.13. 29,632,353 shares of the stock traded hands, compared to its average volume of 42,018,920. The firm's 50 day moving average price is $205.76 and its 200-day moving average price is $208.76. 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 $2.37 trillion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 1.66 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Rosenblatt Securities raised their price target on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a research report on Friday, June 27th. Truist Financial increased their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Evercore ISI lowered their target price 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. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.60.

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.