Seed Wealth Management Inc. Sells 200 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Seed Wealth Management Inc. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,420 shares of the e-commerce giant’s stock after selling 200 shares during the quarter. Amazon.com makes up about 1.3% of Seed Wealth Management Inc.’s investment portfolio, making the stock its 19th biggest position. Seed Wealth Management Inc.’s holdings in Amazon.com were worth $1,343,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AMZN. Transatlantique Private Wealth LLC boosted its holdings in shares of Amazon.com by 0.7% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 14,467 shares of the e-commerce giant’s stock valued at $1,839,000 after purchasing an additional 106 shares during the last quarter. South Street Advisors LLC lifted its position in shares of Amazon.com by 0.8% in the third quarter. South Street Advisors LLC now owns 20,370 shares of the e-commerce giant’s stock worth $2,589,000 after buying an additional 160 shares in the last quarter. FMR LLC boosted its stake in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Allen Investment Management LLC grew its holdings in Amazon.com by 0.8% during the 3rd quarter. Allen Investment Management LLC now owns 2,588,675 shares of the e-commerce giant’s stock valued at $329,072,000 after buying an additional 20,280 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in Amazon.com by 20.9% in the 3rd quarter. Clearstead Advisors LLC now owns 119,042 shares of the e-commerce giant’s stock worth $15,133,000 after acquiring an additional 20,613 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction 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 in the company, valued at approximately $24,214,400. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. Insiders sold a total of 66,548 shares of company stock worth $12,180,239 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.4 %

Shares of NASDAQ AMZN opened at $200.00 on Wednesday. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $200.43. The business has a fifty day moving average price of $184.27 and a 200 day moving average price of $173.63. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Truist Financial increased their target price on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Maxim Group decreased their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Robert W. Baird lifted their price target on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Finally, JPMorgan Chase & Co. upped their price objective on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $215.86.

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.