Kingswood Wealth Advisors LLC Has $19.95 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Kingswood Wealth Advisors LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,611 shares of the e-commerce giant’s stock after selling 23,786 shares during the quarter. Amazon.com comprises 2.3% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Kingswood Wealth Advisors LLC’s holdings in Amazon.com were worth $19,952,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Altus Wealth Management LLC lifted its position in Amazon.com by 3.0% during the first quarter. Altus Wealth Management LLC now owns 3,414 shares of the e-commerce giant’s stock valued at $616,000 after buying an additional 100 shares during the period. Sound Income Strategies LLC boosted its stake in Amazon.com by 12.6% during the first quarter. Sound Income Strategies LLC now owns 44,242 shares of the e-commerce giant’s stock worth $7,980,000 after acquiring an additional 4,966 shares in the last quarter. F&V Capital Management LLC purchased a new stake in Amazon.com in the first quarter worth about $239,000. Ayalon Insurance Comp Ltd. increased its stake in shares of Amazon.com by 9.0% during the first quarter. Ayalon Insurance Comp Ltd. now owns 14,518 shares of the e-commerce giant’s stock valued at $2,619,000 after purchasing an additional 1,198 shares in the last quarter. Finally, West Paces Advisors Inc. lifted its holdings in shares of Amazon.com by 8.7% during the first quarter. West Paces Advisors Inc. now owns 9,485 shares of the e-commerce giant’s stock valued at $1,711,000 after purchasing an additional 758 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were 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 of the company’s stock, valued at $24,214,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The shares were 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 of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock valued at $11,894,344 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Raymond James upped their price target on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 1st. UBS Group raised their price objective on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Robert W. Baird upped their target price on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One equities research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $215.86.

Amazon.com Stock Performance

AMZN opened at $193.25 on Friday. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $199.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a fifty day moving average of $183.87 and a 200 day moving average of $173.11.

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, 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 firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

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.