Tevis Investment Management Sells 60 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tevis Investment Management reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,581 shares of the e-commerce giant’s stock after selling 60 shares during the quarter. Tevis Investment Management’s holdings in Amazon.com were worth $646,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMZN. ShoreHaven Wealth Partners LLC boosted its stake in shares of Amazon.com by 1.9% in the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares in the last quarter. O Dell Group LLC lifted its stake in Amazon.com by 0.5% in the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after purchasing an additional 61 shares during the last quarter. Measured Wealth Private Client Group LLC boosted its position in Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after buying an additional 62 shares in the last quarter. Ballew Advisors Inc grew its stake in shares of Amazon.com by 1.5% during the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after buying an additional 62 shares during the last quarter. Finally, Socha Financial Group LLC increased its holdings in shares of Amazon.com by 3.3% during the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after buying an additional 63 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.2 %

NASDAQ:AMZN opened at $197.59 on Thursday. The company has a market cap of $2.06 trillion, a PE ratio of 55.35, a PEG 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, Inc. has a one year low of $118.35 and a one year high of $200.43. The firm has a 50-day moving average of $184.68 and a 200-day moving average of $173.98.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 net margin of 6.38% and a return on equity of 19.86%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the sale, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,548 shares of company stock valued at $12,774,204. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AMZN shares. Barclays boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Oppenheimer boosted their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Citigroup boosted their target price on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Loop Capital raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price 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.