Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,034,887 shares of the e-commerce giant's stock after selling 2,023 shares during the period. Amazon.com comprises approximately 7.0% of Perfromance Wealth Partners LLC's portfolio, making the stock its 3rd biggest holding. Perfromance Wealth Partners LLC's holdings in Amazon.com were worth $196,898,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com during the fourth quarter worth $800,000. Capital & Planning LLC lifted its position in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after acquiring an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC lifted its position in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after acquiring an additional 860 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Amazon.com during the fourth quarter worth $301,650,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 1.4%

Shares of AMZN traded up $3.09 on Friday, hitting $225.35. 30,960,339 shares of the stock traded hands, compared to its average volume of 42,025,008. The company has a market capitalization of $2.39 trillion, a PE ratio of 36.70, a P/E/G ratio of 1.67 and a beta of 1.33. 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 business has a 50 day simple moving average of $209.20 and a 200 day simple moving average of $208.66. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating 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 the consensus estimate of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 384,124 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total transaction of $86,051,458.48. Following the completion of the sale, the insider owned 901,995,325 shares of the company's stock, valued at $202,064,992,706.50. The trade was a 0.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president directly owned 47,030 shares of the company's stock, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. 9.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. DA Davidson lowered their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Cantor Fitzgerald increased their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Stifel Nicolaus lowered their price objective on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Wedbush reiterated an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three investment 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $248.63.

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.