Graybill Wealth Management LTD. Sells 484 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Graybill Wealth Management LTD. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,393 shares of the e-commerce giant’s stock after selling 484 shares during the period. Amazon.com comprises about 2.2% of Graybill Wealth Management LTD.’s holdings, making the stock its 20th largest holding. Graybill Wealth Management LTD.’s holdings in Amazon.com were worth $5,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Cooksen Wealth LLC bought a new position in Amazon.com during the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC bought a new position in Amazon.com during the 4th quarter valued at approximately $43,000. Harbor Investment Advisory LLC raised its position in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new position in Amazon.com during the 4th quarter valued at approximately $46,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Monday. The Goldman Sachs Group upped their target price on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Wells Fargo & Company upped their target price on Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Tigress Financial upped their target price on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $215.86.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $197.20 on Tuesday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $199.84. The stock’s fifty day moving average is $183.87 and its 200 day moving average is $173.28. The stock has a market cap of $2.05 trillion, a P/E ratio of 55.24, a P/E/G ratio of 1.38 and a beta of 1.15. 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 (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period last year, the firm earned $0.31 EPS. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 4,710 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,548 shares of company stock worth $12,180,239. Corporate insiders own 10.80% of the company’s stock.

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.