PBMares Wealth Management LLC Sells 1,937 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

PBMares Wealth Management LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,817 shares of the e-commerce giant's stock after selling 1,937 shares during the quarter. PBMares Wealth Management LLC's holdings in Amazon.com were worth $2,058,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. FMR LLC raised its position in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at $27,266,582,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Rosenblatt Securities upped their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Royal Bank Of Canada reduced their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Cantor Fitzgerald upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Stifel Nicolaus reduced their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $250.35.

Amazon.com Price Performance

Amazon.com stock traded up $2.25 during mid-day trading on Friday, reaching $226.13. The company had a trading volume of 37,691,170 shares, compared to its average volume of 41,991,273. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.40 trillion, a P/E ratio of 36.83, a P/E/G ratio of 1.67 and a beta of 1.33. The business has a fifty day simple moving average of $213.50 and a 200 day simple moving average of $208.67.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 733,195 shares of Amazon.com stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the sale, the insider directly owned 894,546,706 shares of the company's stock, valued at approximately $203,079,993,196.12. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,335,232 shares of company stock valued at $3,210,622,570. Insiders own 9.70% of the company's stock.

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.