Guinness Atkinson Asset Management Inc Has $6.08 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Guinness Atkinson Asset Management Inc lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,694 shares of the e-commerce giant’s stock after selling 138 shares during the quarter. Amazon.com comprises 2.9% of Guinness Atkinson Asset Management Inc’s holdings, making the stock its 17th biggest position. Guinness Atkinson Asset Management Inc’s holdings in Amazon.com were worth $6,078,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMZN. ShoreHaven Wealth Partners LLC grew its stake in shares of Amazon.com by 1.9% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares during the period. O Dell Group LLC grew its position in Amazon.com by 0.5% during the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after buying an additional 61 shares during the period. Measured Wealth Private Client Group LLC increased its holdings in Amazon.com by 2.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after buying an additional 62 shares during the last quarter. Ballew Advisors Inc raised its position in Amazon.com by 1.5% in the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after acquiring an additional 62 shares during the period. Finally, Socha Financial Group LLC boosted its stake in shares of Amazon.com by 3.3% during the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMZN shares. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 target price (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Mizuho upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $215.74.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s 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 transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,338 shares of company stock worth $11,894,344. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $193.61 on Thursday. The business has a fifty day moving average of $182.88 and a 200 day moving average of $172.28. The stock has a market cap of $2.01 trillion, a P/E ratio of 54.23, a PEG ratio of 1.33 and a beta of 1.14. 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 52-week low of $118.35 and a 52-week high of $194.80.

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

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.