Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,513 shares of the e-commerce giant's stock after selling 14,905 shares during the period. Amazon.com accounts for approximately 1.8% of San Luis Wealth Advisors LLC's holdings, making the stock its 13th biggest position. San Luis Wealth Advisors LLC's holdings in Amazon.com were worth $8,279,000 as of its most recent SEC filing.

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

Amazon.com Stock Up 1.5%

Shares of NASDAQ AMZN opened at $223.13 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock's fifty day moving average is $206.44 and its 200 day moving average is $208.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33.

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

Analyst Ratings Changes

AMZN has been the subject of a number of recent research reports. Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Cantor Fitzgerald upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Moffett Nathanson raised their target price on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Wedbush reiterated an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Truist Financial increased their target price on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $245.60.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the company's 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 transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at $9,876,930. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer directly owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,426,963 shares of company stock worth $757,297,707 over the last 90 days. 9.70% of the stock is 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.

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