Calton & Associates Inc. Sells 6,791 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Calton & Associates Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 48.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,345 shares of the e-commerce giant’s stock after selling 6,791 shares during the quarter. Calton & Associates Inc.’s holdings in Amazon.com were worth $1,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ShoreHaven Wealth Partners LLC raised its position in 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 increased its stake in shares of Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after acquiring an additional 61 shares during the period. Measured Wealth Private Client Group LLC raised its holdings in shares of Amazon.com by 2.5% during the fourth 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 last quarter. Ballew Advisors Inc lifted its position in Amazon.com by 1.5% during the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock valued at $790,000 after purchasing an additional 62 shares during the period. Finally, Socha Financial Group LLC grew its position in 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 Stock Performance

NASDAQ:AMZN opened at $197.59 on Thursday. The company’s 50-day moving average is $184.68 and its two-hundred day moving average is $173.98. The firm has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a PEG ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $200.43.

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

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Citigroup upped their target price on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt upped their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Oppenheimer lifted their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Evercore ISI increased their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Robert W. Baird lifted their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. One equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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 dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,548 shares of company stock valued at $12,774,204. 10.80% of the stock is currently owned by insiders.

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.