Amazon.com, Inc. (NASDAQ:AMZN) is Stableford Capital II LLC’s 4th Largest Position

Stableford Capital II LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the first quarter, Holdings Channel.com reports. The fund owned 57,468 shares of the e-commerce giant’s stock after selling 3,137 shares during the period. Amazon.com makes up about 4.2% of Stableford Capital II LLC’s investment portfolio, making the stock its 4th largest position. Stableford Capital II LLC’s holdings in Amazon.com were worth $10,366,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Sutton Wealth Advisors Inc. grew its position in shares of Amazon.com by 8.6% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 8,827 shares of the e-commerce giant’s stock valued at $1,122,000 after acquiring an additional 702 shares during the period. Cumberland Partners Ltd grew its position in shares of Amazon.com by 8.6% during the 3rd quarter. Cumberland Partners Ltd now owns 19,351 shares of the e-commerce giant’s stock valued at $2,460,000 after acquiring an additional 1,539 shares during the period. Milestone Investment Advisors LLC bought a new stake in shares of Amazon.com during the 3rd quarter valued at $287,000. PGGM Investments grew its position in shares of Amazon.com by 126.9% during the 3rd quarter. PGGM Investments now owns 272,549 shares of the e-commerce giant’s stock valued at $34,646,000 after acquiring an additional 152,425 shares during the period. Finally, Torray Investment Partners LLC grew its position in shares of Amazon.com by 1.8% during the 3rd quarter. Torray Investment Partners LLC now owns 83,729 shares of the e-commerce giant’s stock valued at $10,644,000 after acquiring an additional 1,442 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMZN shares. Piper Sandler boosted their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Mizuho boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Wedbush reaffirmed an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $215.37.

Amazon.com Stock Up 1.6 %

Shares of NASDAQ AMZN opened at $189.08 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market cap of $1.97 trillion, a P/E ratio of 52.96, a PEG ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $191.70. The firm has a 50-day simple moving average of $182.78 and a two-hundred day simple moving average of $171.37.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during 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 firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is currently owned by company 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.