Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by PUREfi Wealth LLC

PUREfi Wealth LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 13,873 shares of the e-commerce giant's stock after selling 1,286 shares during the period. Amazon.com accounts for approximately 2.6% of PUREfi Wealth LLC's portfolio, making the stock its 5th largest position. PUREfi Wealth LLC's holdings in Amazon.com were worth $2,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter worth about $749,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares during the last quarter. Bearing Point Capital LLC purchased a new position in shares of Amazon.com in the 4th quarter worth about $12,014,000. Evergreen Capital Management LLC boosted its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after buying an additional 1,198 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $4.11 during trading hours on Tuesday, hitting $219.36. 45,579,231 shares of the company were exchanged, compared to its average volume of 42,053,977. The stock has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 35.73, a PEG ratio of 1.68 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. 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 price is $207.16 and its 200-day moving average price is $208.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS 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 business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the business posted $0.98 EPS. The business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts forecast 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, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred 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 in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,046,582 shares of Amazon.com stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $223.92, for a total transaction of $458,270,641.44. Following the sale, the insider owned 902,480,530 shares of the company's stock, valued at approximately $202,083,440,277.60. The trade was a 0.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,401,408 shares of company stock worth $1,423,159,137. Corporate insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Morgan Stanley lowered their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Mizuho cut their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, Jefferies Financial Group lowered their target price on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $246.41.

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.