Transform Wealth LLC Sells 4,980 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Transform Wealth LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 131,435 shares of the e-commerce giant’s stock after selling 4,980 shares during the period. Amazon.com accounts for 2.3% of Transform Wealth LLC’s portfolio, making the stock its 6th biggest position. Transform Wealth LLC’s holdings in Amazon.com were worth $23,708,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in 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 acquired a new position in Amazon.com in the fourth quarter valued at $43,000. Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $46,000. Finally, Steph & Co. purchased a new stake in shares of Amazon.com in the first quarter valued at about $65,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders sold a total of 66,548 shares of company stock valued at $12,180,239 over the last quarter. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a research report on Friday, June 28th. Evercore ISI upped their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Piper Sandler lifted their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. JMP Securities restated a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $215.86.

Amazon.com Price Performance

Amazon.com stock opened at $200.00 on Wednesday. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.38 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.43. 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 firm’s 50-day moving average is $184.27 and its two-hundred day moving average is $173.63.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm 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 revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Amazon.com 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.