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

Perfromance Wealth Partners LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,034,887 shares of the e-commerce giant's stock after selling 2,023 shares during the quarter. Amazon.com makes up 7.0% of Perfromance Wealth Partners LLC's holdings, making the stock its 3rd largest position. Perfromance Wealth Partners LLC's holdings in Amazon.com were worth $196,898,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Tallon Kerry Patrick purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $800,000. Capital & Planning LLC lifted its position in shares of Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $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% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $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% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $301,650,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock traded down $0.28 during trading hours on Thursday, reaching $222.26. 30,243,964 shares of the company's stock were exchanged, compared to its average volume of 42,028,415. The company has a market cap of $2.36 trillion, a P/E ratio of 36.20, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company's 50 day moving average is $208.56 and its two-hundred day moving average is $208.68. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating 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 quarter in the prior year, the firm earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Piper Sandler reiterated an "overweight" rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Stifel Nicolaus reduced their target price 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. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the company an "outperform" rating in a report on Tuesday, July 1st. Barclays lowered their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Moffett Nathanson boosted their target price on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $248.24.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 384,124 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $224.02, for a total value of $86,051,458.48. Following the transaction, the insider directly owned 901,995,325 shares of the company's stock, valued at approximately $202,064,992,706.50. This trade represents a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction 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 directly owned 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,886,613 shares of company stock worth $1,531,840,610 over the last ninety days. Company insiders own 9.70% of the company's stock.

About Amazon.com

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.