Amazon.com, Inc. (NASDAQ:AMZN) Position Lessened by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,730 shares of the e-commerce giant’s stock after selling 867 shares during the quarter. Amazon.com makes up approximately 0.5% of OneAscent Wealth Management LLC’s holdings, making the stock its 20th biggest position. OneAscent Wealth Management LLC’s holdings in Amazon.com were worth $1,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Astoria Portfolio Advisors LLC. increased its stake in shares of Amazon.com by 8.5% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 10,897 shares of the e-commerce giant’s stock worth $2,001,000 after purchasing an additional 852 shares during the last quarter. Silverleafe Capital Partners LLC boosted its holdings in Amazon.com by 7.8% in the first quarter. Silverleafe Capital Partners LLC now owns 4,570 shares of the e-commerce giant’s stock worth $824,000 after purchasing an additional 330 shares in the last quarter. New England Research & Management Inc. increased its position in Amazon.com by 5.9% during the first quarter. New England Research & Management Inc. now owns 9,413 shares of the e-commerce giant’s stock worth $1,698,000 after buying an additional 525 shares during the last quarter. Norway Savings Bank raised its holdings in Amazon.com by 3.6% during the first quarter. Norway Savings Bank now owns 26,688 shares of the e-commerce giant’s stock valued at $4,814,000 after buying an additional 933 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in shares of Amazon.com by 71.5% in the first quarter. Kathmere Capital Management LLC now owns 8,776 shares of the e-commerce giant’s stock worth $1,583,000 after buying an additional 3,658 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $197.59 on Friday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $200.43. The stock has a 50-day simple moving average of $185.10 and a 200 day simple moving average of $174.15. The stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 55.35, a P/E/G ratio of 1.43 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 announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for 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. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. Insiders sold a total of 69,548 shares of company stock valued at $12,774,204 in the last ninety days. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMZN. Morgan Stanley raised their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Maxim Group reduced their price objective on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Roth Mkm reiterated a “buy” rating and issued a $210.00 target price (up previously from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Telsey Advisory Group raised their price target on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $215.86.

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.