BCS Wealth Management Sells 101 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BCS Wealth Management lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,432 shares of the e-commerce giant’s stock after selling 101 shares during the period. BCS Wealth Management’s holdings in Amazon.com were worth $1,882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. raised its stake in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. International Assets Investment Management LLC raised its stake in Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares during the period. FMR LLC raised its stake in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Finally, Northern Trust Corp raised its stake in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares in the company, valued at $19,836,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,338 shares of company stock worth $11,894,344. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $189.08 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $191.70. The company has a market cap of $1.97 trillion, a P/E ratio of 52.96, a P/E/G ratio of 1.33 and a beta of 1.14. The business has a fifty day simple moving average of $182.78 and a 200 day simple moving average of $171.54.

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

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Roth Mkm restated a “buy” rating and issued a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Telsey Advisory Group increased their price target on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $215.37.

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.