Great Waters Wealth Management Has $1.14 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Great Waters Wealth Management decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,010 shares of the e-commerce giant's stock after selling 1,790 shares during the quarter. Great Waters Wealth Management's holdings in Amazon.com were worth $1,143,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AMZN. Destiny Wealth Partners LLC boosted its position in shares of Amazon.com by 3.2% in the first quarter. Destiny Wealth Partners LLC now owns 122,609 shares of the e-commerce giant's stock valued at $23,328,000 after acquiring an additional 3,822 shares during the period. Deane Retirement Strategies Inc. boosted its position in shares of Amazon.com by 56.6% in the first quarter. Deane Retirement Strategies Inc. now owns 24,649 shares of the e-commerce giant's stock valued at $4,693,000 after acquiring an additional 8,913 shares during the period. Moss Adams Wealth Advisors LLC boosted its position in shares of Amazon.com by 10.8% in the first quarter. Moss Adams Wealth Advisors LLC now owns 43,335 shares of the e-commerce giant's stock valued at $8,245,000 after acquiring an additional 4,216 shares during the period. Wiser Wealth Management Inc boosted its position in shares of Amazon.com by 4.4% in the first quarter. Wiser Wealth Management Inc now owns 3,889 shares of the e-commerce giant's stock valued at $740,000 after acquiring an additional 165 shares during the period. Finally, NewSquare Capital LLC boosted its position in shares of Amazon.com by 12.9% in the first quarter. NewSquare Capital LLC now owns 30,458 shares of the e-commerce giant's stock valued at $5,795,000 after acquiring an additional 3,476 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Amazon.com stock opened at $209.69 on Monday. The stock has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 34.15, a PEG ratio of 1.58 and a beta of 1.34. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock's 50 day moving average price is $198.41 and its two-hundred day moving average price is $209.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the prior year, the business earned $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 predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 over the last ninety days. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Truist Financial lowered their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Westpark Capital reissued a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Wells Fargo & Company lowered their target price on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Finally, Citigroup restated a "buy" rating on shares of Amazon.com in a report on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $245.53.

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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