Castle Rock Wealth Management LLC Has $8.46 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Castle Rock Wealth Management LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,985 shares of the e-commerce giant's stock after selling 6,061 shares during the quarter. Amazon.com accounts for about 2.3% of Castle Rock Wealth Management LLC's portfolio, making the stock its 11th biggest position. Castle Rock Wealth Management LLC's holdings in Amazon.com were worth $8,461,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $25,000. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth about $35,000. Finally, Perritt Capital Management Inc grew its holdings 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 valued at $42,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. Royal Bank of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Rosenblatt Securities raised their target price on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Oppenheimer lowered their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $244.89.

Amazon.com Price Performance

NASDAQ:AMZN traded down $1.14 during mid-day trading on Friday, reaching $212.10. The stock had a trading volume of 29,295,190 shares, compared to its average volume of 42,102,749. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $2.25 trillion, a PE ratio of 38.35, a P/E/G ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a 50-day simple moving average of $194.64 and a two-hundred day simple moving average of $209.13.

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, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the company posted $0.98 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the sale, the chief executive officer now owns 517,050 shares in the company, valued at approximately $105,984,909. The trade was a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 over the last 90 days. Insiders own 9.70% of the company's stock.

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.