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

Wealthstar Advisors LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 34.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,559 shares of the e-commerce giant's stock after selling 5,438 shares during the period. Amazon.com accounts for approximately 0.9% of Wealthstar Advisors LLC's portfolio, making the stock its 26th largest holding. Wealthstar Advisors LLC's holdings in Amazon.com were worth $2,009,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com during the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc grew its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.3%

NASDAQ:AMZN traded down $0.79 on Friday, reaching $231.44. The company's stock had a trading volume of 28,649,591 shares, compared to its average volume of 40,402,120. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.46 trillion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. The stock has a 50 day moving average price of $215.66 and a 200 day moving average price of $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 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 company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Benchmark reissued a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. HSBC increased their price objective on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Bank of America raised their price target on Amazon.com from $248.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $254.33.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 25,102,037 shares of company stock valued at $5,674,871,223. 9.70% of the stock is currently owned by insiders.

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.