Seed Wealth Management Inc. Lowers Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Seed Wealth Management Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,420 shares of the e-commerce giant’s stock after selling 200 shares during the period. Amazon.com accounts for about 1.3% of Seed Wealth Management Inc.’s holdings, making the stock its 19th largest holding. Seed Wealth Management Inc.’s holdings in Amazon.com were worth $1,343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $43,000. Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth about $46,000. Finally, Steph & Co. acquired a new stake in shares of Amazon.com in the first quarter valued at about $65,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AMZN. Wedbush restated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price target on shares of Amazon.com in a report on Monday. 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 report on Wednesday, May 1st. Morgan Stanley raised their target price on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Mizuho boosted their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $215.86.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now 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 through this link. Also, VP Shelley Reynolds sold 2,700 shares of the company’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 sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,548 shares of company stock worth $12,180,239. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.4 %

AMZN opened at $200.00 on Wednesday. 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 company has a market capitalization of $2.08 trillion, a PE ratio of 56.02, a P/E/G ratio of 1.38 and a beta of 1.15. The stock’s fifty day moving average is $184.27 and its 200-day moving average is $173.63. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $200.43.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during 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%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal 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.