Great Waters Wealth Management Sells 60 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Great Waters Wealth Management cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,697 shares of the e-commerce giant’s stock after selling 60 shares during the quarter. Great Waters Wealth Management’s holdings in Amazon.com were worth $1,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mainsail Asset Management LLC raised its holdings in Amazon.com by 15.5% during the first quarter. Mainsail Asset Management LLC now owns 7,533 shares of the e-commerce giant’s stock worth $1,359,000 after buying an additional 1,013 shares during the last quarter. Emprise Bank acquired a new position in Amazon.com during the first quarter worth $3,349,000. jvl associates llc raised its holdings in Amazon.com by 7.1% during the first quarter. jvl associates llc now owns 3,203 shares of the e-commerce giant’s stock worth $578,000 after buying an additional 213 shares during the last quarter. Bath Savings Trust Co raised its holdings in Amazon.com by 0.4% during the first quarter. Bath Savings Trust Co now owns 90,760 shares of the e-commerce giant’s stock worth $16,371,000 after buying an additional 393 shares during the last quarter. Finally, Tompkins Financial Corp raised its holdings in Amazon.com by 3.8% during the first quarter. Tompkins Financial Corp now owns 74,313 shares of the e-commerce giant’s stock worth $13,405,000 after buying an additional 2,737 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Up 1.8 %

Shares of AMZN opened at $186.10 on Friday. The firm’s 50 day simple moving average is $182.72 and its 200 day simple moving average is $171.06. The company has a market capitalization of $1.94 trillion, a P/E ratio of 52.13, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on AMZN shares. JMP Securities restated a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. UBS Group increased their target price on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Roth Mkm reiterated a “buy” rating and issued a $210.00 target price (up previously from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $213.82.

Amazon.com 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.