BSW Wealth Partners Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

BSW Wealth Partners lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,484 shares of the e-commerce giant's stock after selling 1,270 shares during the period. Amazon.com comprises 0.9% of BSW Wealth Partners' investment portfolio, making the stock its 22nd biggest position. BSW Wealth Partners' holdings in Amazon.com were worth $5,990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new stake in Amazon.com during the 4th quarter valued at about $35,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $40,000. Finally, Perritt Capital Management Inc grew its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 1.0%

NASDAQ AMZN opened at $226.13 on Monday. 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 firm's fifty day moving average price is $213.50 and its 200 day moving average price is $208.51. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month 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 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 the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company's revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMZN shares. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Raymond James Financial reissued an "outperform" rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Royal Bank Of Canada dropped their price target on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. UBS Group reissued a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $250.35.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock worth $3,210,622,570 over the last ninety days. Insiders own 10.80% 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.

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