Marcum Wealth LLC Sells 96 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Marcum Wealth LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,806 shares of the e-commerce giant’s stock after selling 96 shares during the period. Amazon.com makes up 0.6% of Marcum Wealth LLC’s holdings, making the stock its 22nd biggest holding. Marcum Wealth LLC’s holdings in Amazon.com were worth $6,278,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AMZN. Norges Bank bought a new position in shares of Amazon.com in the fourth quarter worth $17,700,551,000. Vanguard Group Inc. boosted its stake in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after buying an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Amazon.com by 16,029.3% in the fourth 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 buying an additional 23,717,254 shares in the last quarter. FMR LLC boosted its stake in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after buying an additional 3,260,411 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value 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 approximately $24,214,400. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,338 shares of company stock valued at $11,894,344. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.6 %

AMZN stock opened at $189.08 on Monday. The stock’s fifty day simple moving average is $182.78 and its two-hundred day simple moving average is $171.73. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70. The stock 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.

Amazon.com (NASDAQ:AMZN) last posted 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. 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 for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on AMZN shares. Robert W. Baird raised their price objective on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday. Stifel Nicolaus raised their price objective on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. JMP Securities reissued a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, UBS Group lifted their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note 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, Amazon.com currently 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.