Elwood & Goetz Wealth Advisory Group LLC Sells 1,181 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Elwood & Goetz Wealth Advisory Group LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,058 shares of the e-commerce giant's stock after selling 1,181 shares during the period. Amazon.com comprises about 0.3% of Elwood & Goetz Wealth Advisory Group LLC's investment portfolio, making the stock its 29th largest position. Elwood & Goetz Wealth Advisory Group LLC's holdings in Amazon.com were worth $1,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter valued at $40,000. Finally, Perritt Capital Management Inc boosted its stake in 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 buying an additional 80 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,886,613 shares of company stock worth $1,531,840,610. Company insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on Amazon.com from $250.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Royal Bank Of Canada decreased their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Moffett Nathanson boosted their price target on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Roth Capital set a $250.00 price target on Amazon.com and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price target on Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.42.

Amazon.com Trading Up 0.3%

NASDAQ AMZN opened at $225.69 on Tuesday. The stock has a 50-day simple moving average of $210.69 and a 200 day simple moving average of $208.38. The company has a market capitalization of $2.40 trillion, a PE ratio of 36.76, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. 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 released its quarterly earnings data 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 business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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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