Wealthcare Capital Management LLC Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Wealthcare Capital Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,571 shares of the e-commerce giant’s stock after selling 226 shares during the quarter. Wealthcare Capital Management LLC’s holdings in Amazon.com were worth $644,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthCare Investment Partners LLC boosted its holdings in Amazon.com by 11.8% during the 1st quarter. WealthCare Investment Partners LLC now owns 3,472 shares of the e-commerce giant’s stock valued at $626,000 after acquiring an additional 366 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in Amazon.com by 35.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 84,407 shares of the e-commerce giant’s stock valued at $15,225,000 after acquiring an additional 21,998 shares during the period. S.A. Mason LLC boosted its holdings in Amazon.com by 11.5% during the 1st quarter. S.A. Mason LLC now owns 3,219 shares of the e-commerce giant’s stock valued at $581,000 after acquiring an additional 332 shares during the period. Affiance Financial LLC boosted its holdings in Amazon.com by 4.3% during the 1st quarter. Affiance Financial LLC now owns 10,690 shares of the e-commerce giant’s stock valued at $1,928,000 after acquiring an additional 436 shares during the period. Finally, DGS Capital Management LLC boosted its holdings in Amazon.com by 39.0% during the 1st quarter. DGS Capital Management LLC now owns 22,816 shares of the e-commerce giant’s stock valued at $4,116,000 after acquiring an additional 6,401 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. Wedbush restated an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Evercore ISI increased their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Mizuho increased their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Bank of America increased their price objective on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Moffett Nathanson reiterated a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. One 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. 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 Stock Performance

Shares of AMZN opened at $197.20 on Tuesday. The business’s fifty day simple moving average is $183.87 and its two-hundred day simple moving average is $173.28. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84. The company has a market cap of $2.05 trillion, a price-to-earnings ratio of 55.24, a P/E/G ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. Research 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, SVP David Zapolsky sold 4,710 shares of the firm’s 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 transaction, the senior vice president now directly owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 4,710 shares of the firm’s 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 transaction, the senior vice president now owns 59,500 shares in the company, valued at $11,602,500. The disclosure for this sale can be found here. Insiders have sold a total of 66,548 shares of company stock worth $12,180,239 in the last ninety days. Insiders own 10.80% of the company’s stock.

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.