Ervin Investment Management LLC Sells 84 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ervin Investment Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,786 shares of the e-commerce giant’s stock after selling 84 shares during the quarter. Ervin Investment Management LLC’s holdings in Amazon.com were worth $503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of AMZN. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Amazon.com by 45.0% during 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 purchasing an additional 86 shares during the last quarter. Strid Group LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $43,000. Harbor Investment Advisory LLC increased its stake in shares of Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $46,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the transaction, the director now owns 4,760 shares in the company, valued at $886,407.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated 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 approximately $21,726,894.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,548 shares of company stock worth $12,180,239. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $197.20 on Tuesday. The firm has a fifty day simple moving average of $183.87 and a two-hundred day simple moving average of $173.28. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $199.84. The company has a market capitalization of $2.05 trillion, a PE ratio of 55.24, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMZN shares. Benchmark restated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Tigress Financial raised their price target on shares of Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Raymond James lifted their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $215.86.

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.