Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Napa Wealth Management

Napa Wealth Management decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 55.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,266 shares of the e-commerce giant's stock after selling 5,301 shares during the period. Napa Wealth Management's holdings in Amazon.com were worth $936,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC raised its position in shares of Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after acquiring an additional 318 shares in the last quarter. RMR Wealth Builders raised its position in shares of Amazon.com by 2.5% during the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock worth $15,450,000 after acquiring an additional 1,690 shares in the last quarter. Richard P Slaughter Associates Inc raised its position in shares of Amazon.com by 13.0% during the 4th quarter. Richard P Slaughter Associates Inc now owns 2,117 shares of the e-commerce giant's stock worth $464,000 after acquiring an additional 244 shares in the last quarter. Cox Capital Mgt LLC raised its position in shares of Amazon.com by 0.4% during the 4th quarter. Cox Capital Mgt LLC now owns 32,325 shares of the e-commerce giant's stock worth $7,092,000 after acquiring an additional 132 shares in the last quarter. Finally, Founders Grove Wealth Partners LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $943,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Down 0.6%

NASDAQ AMZN traded down $1.30 on Wednesday, hitting $204.72. 27,702,158 shares of the stock traded hands, compared to its average volume of 41,988,174. The stock has a 50-day moving average of $190.38 and a 200 day moving average of $208.73. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.17 trillion, a P/E ratio of 37.02, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Piper Sandler restated an "overweight" rating and set a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. UBS Group restated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Rosenblatt Securities raised their price target on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the 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 $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the 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. In the last ninety days, insiders have sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by company insiders.

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.