Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Affinity Capital Advisors LLC

Affinity Capital Advisors LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,900 shares of the e-commerce giant’s stock after selling 127 shares during the quarter. Affinity Capital Advisors LLC’s holdings in Amazon.com were worth $1,966,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMZN. Beech Hill Advisors Inc. increased its position in shares of Amazon.com by 15.7% in the first quarter. Beech Hill Advisors Inc. now owns 60,970 shares of the e-commerce giant’s stock valued at $10,998,000 after buying an additional 8,270 shares in the last quarter. Quad Cities Investment Group LLC increased its position in shares of Amazon.com by 7.6% in the first quarter. Quad Cities Investment Group LLC now owns 26,485 shares of the e-commerce giant’s stock valued at $4,777,000 after buying an additional 1,872 shares in the last quarter. Retirement Planning Group LLC increased its position in shares of Amazon.com by 29.6% in the first quarter. Retirement Planning Group LLC now owns 10,109 shares of the e-commerce giant’s stock valued at $1,823,000 after buying an additional 2,311 shares in the last quarter. Bourne Lent Asset Management Inc. increased its position in shares of Amazon.com by 2.3% in the first quarter. Bourne Lent Asset Management Inc. now owns 26,190 shares of the e-commerce giant’s stock valued at $4,724,000 after buying an additional 600 shares in the last quarter. Finally, Fermata Advisors LLC increased its position in shares of Amazon.com by 12.4% in the first quarter. Fermata Advisors LLC now owns 16,292 shares of the e-commerce giant’s stock valued at $2,939,000 after buying an additional 1,799 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Loop Capital boosted their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Stifel Nicolaus boosted their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Truist Financial boosted their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $215.86.

Amazon.com Stock Down 2.3 %

Amazon.com stock opened at $193.25 on Friday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $199.84. The stock has a 50 day moving average of $183.87 and a two-hundred day moving average of $172.93. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.39 and a beta of 1.14.

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

Insider Activity

In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders sold 65,338 shares of company stock valued at $11,894,344 in the last three months. 10.80% of the stock is currently owned by company insiders.

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.