Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,808 shares of the e-commerce giant’s stock after selling 270 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Amazon.com were worth $326,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $43,000. Harbor Investment Advisory LLC grew its position in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth about $46,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Amazon.com stock opened at $189.08 on Monday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70. 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 business has a 50 day simple moving average of $182.78 and a 200-day simple moving average of $171.73. The stock has a market capitalization of $1.97 trillion, a PE ratio of 52.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

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, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Moffett Nathanson reissued a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Wells Fargo & Company boosted their price objective on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price target (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Barclays upped their price target on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $215.37.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the 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 completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the 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 completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,338 shares of company stock worth $11,894,344. 10.80% of the stock is owned by corporate 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.