Martel Wealth Advisors Inc Sells 1,537 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Martel Wealth Advisors Inc reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,417 shares of the e-commerce giant's stock after selling 1,537 shares during the quarter. Amazon.com makes up about 1.3% of Martel Wealth Advisors Inc's holdings, making the stock its 12th biggest holding. Martel Wealth Advisors Inc's holdings in Amazon.com were worth $6,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Lynch Asset Management Inc. grew its holdings in shares of Amazon.com by 0.6% during the 1st quarter. Lynch Asset Management Inc. now owns 42,150 shares of the e-commerce giant's stock worth $8,019,000 after acquiring an additional 250 shares during the period. Smithbridge Asset Management Inc. DE bought a new stake in shares of Amazon.com during the first quarter valued at approximately $15,251,000. Donald L. Hagan LLC boosted its position in shares of Amazon.com by 3.2% during the first quarter. Donald L. Hagan LLC now owns 3,776 shares of the e-commerce giant's stock valued at $718,000 after purchasing an additional 117 shares in the last quarter. F&V Capital Management LLC grew its stake in Amazon.com by 42.7% in the first quarter. F&V Capital Management LLC now owns 2,154 shares of the e-commerce giant's stock worth $410,000 after purchasing an additional 645 shares during the period. Finally, Founders Grove Wealth Partners LLC raised its holdings in Amazon.com by 2.3% in the first quarter. Founders Grove Wealth Partners LLC now owns 4,399 shares of the e-commerce giant's stock worth $837,000 after purchasing an additional 100 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $6.18 during trading on Friday, hitting $223.30. The company had a trading volume of 119,087,933 shares, compared to its average volume of 42,021,779. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The stock has a 50 day simple moving average of $202.26 and a 200 day simple moving average of $208.86.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm posted $0.98 EPS. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock valued at $20,531,075 over the last three months. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMZN shares. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday. Evercore ISI lowered their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Jefferies Financial Group lowered their target price on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $245.81.

Amazon.com 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.