Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Refined Wealth Management

Refined Wealth Management lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,075 shares of the e-commerce giant’s stock after selling 260 shares during the period. Amazon.com comprises 0.7% of Refined Wealth Management’s portfolio, making the stock its 20th largest holding. Refined Wealth Management’s holdings in Amazon.com were worth $915,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Quattro Financial Advisors LLC lifted its holdings in Amazon.com by 67,807.9% in the 1st quarter. Quattro Financial Advisors LLC now owns 103,220 shares of the e-commerce giant’s stock valued at $18,619,000 after purchasing an additional 103,068 shares in the last quarter. State of Michigan Retirement System lifted its stake in shares of Amazon.com by 0.5% during the first quarter. State of Michigan Retirement System now owns 2,987,420 shares of the e-commerce giant’s stock valued at $538,871,000 after buying an additional 14,800 shares during the period. Buffington Mohr McNeal boosted its holdings in shares of Amazon.com by 4.5% during the first quarter. Buffington Mohr McNeal now owns 55,801 shares of the e-commerce giant’s stock worth $10,065,000 after purchasing an additional 2,380 shares during the last quarter. MV Capital Management Inc. increased its stake in Amazon.com by 1.4% in the first quarter. MV Capital Management Inc. now owns 11,572 shares of the e-commerce giant’s stock valued at $2,087,000 after purchasing an additional 163 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in Amazon.com by 5.2% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 142,480 shares of the e-commerce giant’s stock worth $25,701,000 after buying an additional 6,985 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,847,094 shares of company stock valued at $1,169,058,874. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.2 %

Amazon.com stock opened at $199.79 on Thursday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 55.96, a PEG ratio of 1.43 and a beta of 1.15. The firm has a 50-day moving average price of $187.26 and a two-hundred day moving average price of $175.75.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Moffett Nathanson restated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. TD Cowen increased their target price on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus increased their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. BMO Capital Markets boosted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Tigress Financial raised their price objective on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $217.38.

Read Our Latest Stock Analysis on Amazon.com

Amazon.com Company Profile

(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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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