Cairn Investment Group Inc. Sells 900 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cairn Investment Group Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,590 shares of the e-commerce giant’s stock after selling 900 shares during the period. Cairn Investment Group Inc.’s holdings in Amazon.com were worth $467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ShoreHaven Wealth Partners LLC increased its holdings in shares of Amazon.com by 1.9% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after buying an additional 60 shares during the last quarter. O Dell Group LLC boosted its position in shares of Amazon.com by 0.5% during the 4th quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares during the period. Measured Wealth Private Client Group LLC boosted its position in shares of Amazon.com by 2.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares during the period. Ballew Advisors Inc boosted its position in shares of Amazon.com by 1.5% during the 1st quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares during the period. Finally, Socha Financial Group LLC boosted its position in shares of Amazon.com by 3.3% during the 4th quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 2.0 %

NASDAQ AMZN opened at $197.20 on Tuesday. 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 firm has a market cap of $2.05 trillion, a PE ratio of 55.24, a P/E/G ratio of 1.38 and a beta of 1.15. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $199.84. The firm’s fifty day moving average is $183.87 and its two-hundred day moving average is $173.28.

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

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated 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 $24,214,400. The sale was disclosed in a document filed 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 dated 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 $24,214,400. The sale was disclosed in a document filed 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 dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold a total of 66,548 shares of company stock worth $12,180,239 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMZN. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Barclays increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Bank of America increased their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Truist Financial raised their price target on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Morgan Stanley raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One equities 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 stock. According to data from MarketBeat, Amazon.com 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.