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

SOA Wealth Advisors LLC. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,251 shares of the e-commerce giant’s stock after selling 335 shares during the period. Amazon.com comprises 2.5% of SOA Wealth Advisors LLC.’s portfolio, making the stock its 7th largest holding. SOA Wealth Advisors LLC.’s holdings in Amazon.com were worth $11,950,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dorsey & Whitney Trust CO LLC increased its position in Amazon.com by 3.2% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 142,578 shares of the e-commerce giant’s stock worth $18,125,000 after purchasing an additional 4,387 shares during the last quarter. Spire Wealth Management increased its position in Amazon.com by 4.0% during the third quarter. Spire Wealth Management now owns 359,675 shares of the e-commerce giant’s stock worth $45,722,000 after purchasing an additional 13,880 shares during the last quarter. Fort Sheridan Advisors LLC increased its position in Amazon.com by 2.6% during the third quarter. Fort Sheridan Advisors LLC now owns 77,519 shares of the e-commerce giant’s stock worth $9,854,000 after purchasing an additional 1,942 shares during the last quarter. tru Independence LLC increased its position in Amazon.com by 7.2% during the third quarter. tru Independence LLC now owns 2,893 shares of the e-commerce giant’s stock worth $368,000 after purchasing an additional 195 shares during the last quarter. Finally, Costello Asset Management INC increased its position in Amazon.com by 1,460.6% during the third quarter. Costello Asset Management INC now owns 23,565 shares of the e-commerce giant’s stock worth $2,996,000 after purchasing an additional 22,055 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the sale, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. 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. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.6 %

AMZN opened at $189.08 on Friday. The firm’s 50-day simple moving average is $182.78 and its 200-day simple moving average is $171.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $191.70. The firm has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.96, a PEG ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results 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 for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMZN. Evercore ISI boosted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. UBS Group boosted their price objective on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Raymond James boosted their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 1st. Finally, Roth Mkm reiterated a “buy” rating and set a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research note 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 given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $215.37.

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.