Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by CIC Wealth LLC

CIC Wealth LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the 1st quarter, HoldingsChannel reports. The fund owned 45,758 shares of the e-commerce giant’s stock after selling 2,794 shares during the period. Amazon.com makes up 2.4% of CIC Wealth LLC’s investment portfolio, making the stock its 8th largest position. CIC Wealth LLC’s holdings in Amazon.com were worth $8,254,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% in the 4th 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 during the period. Strid Group LLC purchased a new position in Amazon.com in the fourth quarter valued at about $43,000. Harbor Investment Advisory LLC raised its position in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at about $46,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 2.3 %

NASDAQ AMZN opened at $193.25 on Friday. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $199.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market cap of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14. The firm’s 50 day moving average price is $183.87 and its two-hundred day moving average price is $173.11.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping 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 firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the previous year, the company posted $0.31 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction 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 in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction 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 owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,338 shares of company stock worth $11,894,344. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Roth Mkm restated a “buy” rating and set a $210.00 target price (up from $205.00) on shares of Amazon.com in a research note on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. BMO Capital Markets lifted their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Raymond James lifted their target price on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. Finally, UBS Group lifted their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $215.86.

Amazon.com Company 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.