Graypoint LLC Sells 2,696 Shares of Amazon.com, Inc. $AMZN

Graypoint LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,432 shares of the e-commerce giant's stock after selling 2,696 shares during the period. Amazon.com comprises 1.0% of Graypoint LLC's holdings, making the stock its 25th largest position. Graypoint LLC's holdings in Amazon.com were worth $15,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Dynasty Wealth Management LLC raised its holdings in Amazon.com by 46.7% in the 1st quarter. Dynasty Wealth Management LLC now owns 61,511 shares of the e-commerce giant's stock valued at $11,703,000 after acquiring an additional 19,571 shares in the last quarter. Ascent Wealth Partners LLC grew its stake in Amazon.com by 2.9% during the first quarter. Ascent Wealth Partners LLC now owns 46,522 shares of the e-commerce giant's stock worth $8,851,000 after purchasing an additional 1,306 shares during the period. Mayflower Financial Advisors LLC increased its position in Amazon.com by 2.7% in the 1st quarter. Mayflower Financial Advisors LLC now owns 33,943 shares of the e-commerce giant's stock valued at $6,458,000 after buying an additional 898 shares in the last quarter. Hudock Inc. raised its stake in Amazon.com by 16.9% during the 1st quarter. Hudock Inc. now owns 8,611 shares of the e-commerce giant's stock worth $1,638,000 after buying an additional 1,244 shares during the period. Finally, Legacy Capital Wealth Partners LLC boosted its holdings in Amazon.com by 0.5% in the first quarter. Legacy Capital Wealth Partners LLC now owns 17,986 shares of the e-commerce giant's stock worth $3,422,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock traded down $0.62 on Monday, reaching $230.42. The stock had a trading volume of 10,226,043 shares, compared to its average volume of 44,721,230. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm's 50-day moving average is $221.41 and its two-hundred day moving average is $208.26. The firm has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Wells Fargo & Company lifted their price target on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Cowen reiterated a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Truist Financial upped their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Raymond James Financial restated an "outperform" rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and a consensus price target of $262.87.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last three months. 10.80% of the stock is owned by insiders.

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.