Tradewinds Capital Management LLC Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Tradewinds Capital Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,815 shares of the e-commerce giant's stock after selling 6,676 shares during the period. Amazon.com makes up approximately 0.7% of Tradewinds Capital Management LLC's investment portfolio, making the stock its 19th largest holding. Tradewinds Capital Management LLC's holdings in Amazon.com were worth $2,628,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Western Wealth Management LLC boosted its position in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $749,000. Segall Bryant & Hamill LLC lifted its position in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Bearing Point Capital LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at approximately $12,014,000. Finally, Evergreen Capital Management LLC lifted its position in shares of Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMZN shares. BMO Capital Markets increased their target price on Amazon.com from $233.00 to $270.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Truist Financial raised their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Monday. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $254.71.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 25,102,037 shares of company stock worth $5,674,871,223. Company insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Amazon.com stock traded up $1.35 during trading hours on Monday, hitting $232.79. The stock had a trading volume of 26,233,111 shares, compared to its average volume of 35,876,868. 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 stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 37.91, a PEG ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock's fifty day moving average is $216.19 and its two-hundred day moving average is $208.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.