Atlas Capital Advisors LLC Sells 36,659 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Atlas Capital Advisors LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 85.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,251 shares of the e-commerce giant’s stock after selling 36,659 shares during the period. Atlas Capital Advisors LLC’s holdings in Amazon.com were worth $1,128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Davis Investment Partners LLC grew its holdings in shares of Amazon.com by 4.2% in the first quarter. Davis Investment Partners LLC now owns 4,574 shares of the e-commerce giant’s stock valued at $851,000 after acquiring an additional 185 shares in the last quarter. Constitution Capital LLC increased its position in shares of Amazon.com by 19.3% during the 1st quarter. Constitution Capital LLC now owns 9,902 shares of the e-commerce giant’s stock valued at $1,786,000 after purchasing an additional 1,602 shares during the last quarter. Financial Enhancement Group LLC raised its stake in shares of Amazon.com by 4.0% during the 1st quarter. Financial Enhancement Group LLC now owns 2,653 shares of the e-commerce giant’s stock worth $494,000 after purchasing an additional 101 shares during the period. Chemistry Wealth Management LLC boosted its holdings in shares of Amazon.com by 3.8% in the 1st quarter. Chemistry Wealth Management LLC now owns 44,061 shares of the e-commerce giant’s stock worth $7,948,000 after buying an additional 1,608 shares during the last quarter. Finally, CFM Wealth Partners LLC grew its position in Amazon.com by 2.2% during the first quarter. CFM Wealth Partners LLC now owns 99,877 shares of the e-commerce giant’s stock valued at $18,016,000 after buying an additional 2,191 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 2.3 %

Shares of AMZN opened at $193.25 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $199.84. The firm has a 50 day moving average price of $183.87 and a 200-day moving average price of $173.28. The firm has a market cap of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.38 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 earnings per share (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 analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on AMZN. Telsey Advisory Group boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. JMP Securities reissued a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Maxim Group lowered their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley increased their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company upped their price objective on shares of Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $215.86.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now 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 accessible through the SEC website. In related news, Director Jonathan Rubinstein sold 5,264 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now owns 104,400 shares in the company, valued at approximately $19,836,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred 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 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. Insiders have sold 61,838 shares of company stock valued at $11,261,789 in the last ninety days. Company insiders own 10.80% of the company’s stock.

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.