Stablepoint Partners LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,917 shares of the e-commerce giant's stock after selling 3,233 shares during the period. Amazon.com comprises about 1.5% of Stablepoint Partners LLC's investment portfolio, making the stock its 11th largest holding. Stablepoint Partners LLC's holdings in Amazon.com were worth $8,165,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Insight Advisors LLC PA grew its stake in Amazon.com by 0.5% in the first quarter. Insight Advisors LLC PA now owns 48,717 shares of the e-commerce giant's stock valued at $9,269,000 after acquiring an additional 239 shares during the period. KRS Capital Management LLC grew its stake in Amazon.com by 18.0% in the first quarter. KRS Capital Management LLC now owns 6,080 shares of the e-commerce giant's stock valued at $1,157,000 after acquiring an additional 928 shares during the period. Consilio Wealth Advisors LLC grew its stake in Amazon.com by 118.0% in the first quarter. Consilio Wealth Advisors LLC now owns 96,791 shares of the e-commerce giant's stock valued at $18,509,000 after acquiring an additional 52,389 shares during the period. Affinity Wealth Management LLC grew its stake in Amazon.com by 0.5% in the first quarter. Affinity Wealth Management LLC now owns 48,765 shares of the e-commerce giant's stock valued at $9,278,000 after acquiring an additional 254 shares during the period. Finally, AFG Fiduciary Services Limited Partnership boosted its position in shares of Amazon.com by 4.0% during the first quarter. AFG Fiduciary Services Limited Partnership now owns 31,606 shares of the e-commerce giant's stock worth $6,040,000 after buying an additional 1,221 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Wedbush reaffirmed an "outperform" rating and set a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. JPMorgan Chase & Co. upped their price objective on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Evercore ISI reduced their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.
Check Out Our Latest Analysis on AMZN
Insider Buying and Selling
In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the sale, the chief executive officer now owns 517,050 shares of the company's stock, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the chief executive officer now directly owns 2,148,694 shares in the company, valued at $432,532,102.20. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 over the last 90 days. 9.70% of the stock is owned by corporate insiders.
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $212.52 on Thursday. The firm has a market cap of $2.26 trillion, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business's 50 day moving average is $197.28 and its 200-day moving average is $209.32.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Amazon.com Profile
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Free Report)
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.
Further Reading
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