Amazon.com, Inc. (NASDAQ:AMZN) Stake Trimmed by American Financial Advisors LLC

American Financial Advisors LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,354 shares of the e-commerce giant’s stock after selling 200 shares during the quarter. Amazon.com makes up 0.7% of American Financial Advisors LLC’s investment portfolio, making the stock its 29th largest holding. American Financial Advisors LLC’s holdings in Amazon.com were worth $5,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Paragon Wealth Strategies LLC purchased a new position in Amazon.com during the 3rd quarter valued at about $249,000. Altus Wealth Management LLC grew its stake in shares of Amazon.com by 58.5% in the 3rd quarter. Altus Wealth Management LLC now owns 3,894 shares of the e-commerce giant’s stock valued at $495,000 after buying an additional 1,437 shares in the last quarter. Barton Investment Management grew its stake in shares of Amazon.com by 0.5% in the 3rd quarter. Barton Investment Management now owns 703,019 shares of the e-commerce giant’s stock valued at $89,368,000 after buying an additional 3,355 shares in the last quarter. First Affirmative Financial Network grew its stake in shares of Amazon.com by 1.8% in the 3rd quarter. First Affirmative Financial Network now owns 6,155 shares of the e-commerce giant’s stock valued at $782,000 after buying an additional 107 shares in the last quarter. Finally, Dechtman Wealth Management LLC grew its stake in shares of Amazon.com by 86.7% in the 3rd quarter. Dechtman Wealth Management LLC now owns 17,016 shares of the e-commerce giant’s stock valued at $2,163,000 after buying an additional 7,903 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded down $5.96 during midday trading on Tuesday, reaching $175.00. The company’s stock had a trading volume of 93,825,266 shares, compared to its average volume of 43,548,449. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a market capitalization of $1.82 trillion, a P/E ratio of 60.34, a P/E/G ratio of 1.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The business’s fifty day simple moving average is $178.38 and its 200-day simple moving average is $159.64.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.11 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,889,146 over the last 90 days. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Robert W. Baird boosted their price target on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada boosted their price target on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. JMP Securities reissued a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, April 24th. The Goldman Sachs Group boosted their price target on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $205.13.

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.