Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,481 shares of the e-commerce giant's stock after selling 3,292 shares during the quarter. Amazon.com comprises approximately 1.0% of Verdence Capital Advisors LLC's portfolio, making the stock its 14th largest holding. Verdence Capital Advisors LLC's holdings in Amazon.com were worth $13,600,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mayflower Financial Advisors LLC boosted its holdings in shares of Amazon.com by 2.7% in the first quarter. Mayflower Financial Advisors LLC now owns 33,943 shares of the e-commerce giant's stock valued at $6,458,000 after acquiring an additional 898 shares in the last quarter. Hudock Inc. boosted its holdings in shares of Amazon.com by 16.9% in the first quarter. Hudock Inc. now owns 8,611 shares of the e-commerce giant's stock valued at $1,638,000 after acquiring an additional 1,244 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings in shares of Amazon.com by 0.5% in the first quarter. Legacy Capital Wealth Partners LLC now owns 17,986 shares of the e-commerce giant's stock valued at $3,422,000 after acquiring an additional 94 shares in the last quarter. Napatree Capital LLC boosted its holdings in shares of Amazon.com by 8.1% in the first quarter. Napatree Capital LLC now owns 10,451 shares of the e-commerce giant's stock valued at $1,988,000 after acquiring an additional 782 shares in the last quarter. Finally, Windsor Capital Management LLC boosted its holdings in shares of Amazon.com by 16.8% in the first quarter. Windsor Capital Management LLC now owns 3,879 shares of the e-commerce giant's stock valued at $738,000 after acquiring an additional 557 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Truist Financial lifted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Robert W. Baird lifted their target price on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a report on Monday, July 21st. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating on the stock. Finally, Susquehanna lifted their target price on shares of Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $0.05 on Friday, reaching $231.03. 39,600,434 shares of the company's stock were exchanged, compared to its average volume of 47,994,872. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The business's 50-day moving average is $221.41 and its two-hundred day moving average is $208.44. The firm has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the company earned $1.26 EPS. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer owned 512,050 shares of the company's stock, valued at $111,114,850. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the 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 directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. Corporate 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.