Amazon.com, Inc. (NASDAQ:AMZN) is Kiley Juergens Wealth Management LLC's 7th Largest Position

Kiley Juergens Wealth Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,739 shares of the e-commerce giant's stock after selling 3,767 shares during the quarter. Amazon.com comprises approximately 4.7% of Kiley Juergens Wealth Management LLC's portfolio, making the stock its 7th biggest holding. Kiley Juergens Wealth Management LLC's holdings in Amazon.com were worth $17,644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com in the fourth quarter worth approximately $35,000. Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com in the fourth quarter worth approximately $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,046,582 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $223.92, for a total transaction of $458,270,641.44. Following the sale, the insider directly owned 902,480,530 shares of the company's stock, valued at $202,083,440,277.60. The trade was a 0.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,401,408 shares of company stock worth $1,423,159,137. Company insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Mizuho cut their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday. Moffett Nathanson lifted their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Rosenblatt Securities lifted their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $246.41.

Amazon.com Stock Performance

AMZN traded up $4.28 during midday trading on Wednesday, hitting $223.64. 4,127,765 shares of the company traded hands, compared to its average volume of 44,616,836. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.37 trillion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company's 50-day moving average is $207.80 and its 200 day moving average is $208.58. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

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

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.