St. Johns Investment Management Company LLC Has $4.15 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

St. Johns Investment Management Company LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,003 shares of the e-commerce giant’s stock after selling 366 shares during the quarter. Amazon.com comprises approximately 2.0% of St. Johns Investment Management Company LLC’s holdings, making the stock its 11th largest position. St. Johns Investment Management Company LLC’s holdings in Amazon.com were worth $4,149,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Fi3 FINANCIAL ADVISORS LLC lifted its stake in Amazon.com by 9.3% in the third quarter. Fi3 FINANCIAL ADVISORS LLC now owns 13,248 shares of the e-commerce giant’s stock valued at $1,684,000 after acquiring an additional 1,130 shares during the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Amazon.com in the third quarter worth $12,751,000. Manchester Capital Management LLC lifted its stake in shares of Amazon.com by 2.3% in the third quarter. Manchester Capital Management LLC now owns 138,399 shares of the e-commerce giant’s stock worth $17,593,000 after buying an additional 3,151 shares during the last quarter. Truepoint Inc. lifted its stake in shares of Amazon.com by 106.2% in the third quarter. Truepoint Inc. now owns 22,795 shares of the e-commerce giant’s stock worth $2,898,000 after buying an additional 11,742 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Amazon.com by 2.1% in the third quarter. PNC Financial Services Group Inc. now owns 6,113,865 shares of the e-commerce giant’s stock worth $777,195,000 after buying an additional 125,975 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMZN shares. Maxim Group reduced their price objective on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Tigress Financial boosted their target price on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Raymond James boosted their target price on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Barclays boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $215.86.

Amazon.com Price Performance

NASDAQ AMZN opened at $193.25 on Monday. The business has a 50 day simple moving average of $183.87 and a 200 day simple moving average of $173.28. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-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 stock 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 earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. Analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on 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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 sold 61,838 shares of company stock valued at $11,261,789 in the last ninety days. 10.80% of the stock is currently owned by corporate 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.