Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Fluent Financial LLC

Fluent Financial LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,922 shares of the e-commerce giant’s stock after selling 3,715 shares during the period. Amazon.com makes up 3.3% of Fluent Financial LLC’s investment portfolio, making the stock its 5th largest holding. Fluent Financial LLC’s holdings in Amazon.com were worth $5,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pachira Investments Inc. lifted its stake in shares of Amazon.com by 79.9% in the first quarter. Pachira Investments Inc. now owns 6,509 shares of the e-commerce giant’s stock valued at $1,174,000 after purchasing an additional 2,890 shares during the period. DMC Group LLC lifted its stake in shares of Amazon.com by 4.5% in the first quarter. DMC Group LLC now owns 13,774 shares of the e-commerce giant’s stock valued at $2,485,000 after purchasing an additional 598 shares during the period. Sander Capital Advisors Inc. increased its holdings in Amazon.com by 15.3% during the 1st quarter. Sander Capital Advisors Inc. now owns 139,891 shares of the e-commerce giant’s stock valued at $25,234,000 after acquiring an additional 18,612 shares in the last quarter. Madrona Financial Services LLC increased its holdings in Amazon.com by 26.2% during the 1st quarter. Madrona Financial Services LLC now owns 7,683 shares of the e-commerce giant’s stock valued at $1,386,000 after acquiring an additional 1,595 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in Amazon.com by 2.6% during the 1st quarter. Westside Investment Management Inc. now owns 53,039 shares of the e-commerce giant’s stock valued at $9,576,000 after acquiring an additional 1,342 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. Robert W. Baird raised their target price 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. Argus raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Roth Mkm restated a “buy” rating and set a $210.00 target price on shares of Amazon.com in a report on Tuesday. DA Davidson restated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. Finally, Rosenblatt Securities restated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $217.38.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly 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 is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly 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 is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the sale, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold 6,113,490 shares of company stock worth $1,222,340,738 in the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of AMZN stock opened at $194.49 on Friday. The company has a market capitalization of $2.02 trillion, a PE ratio of 54.48, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The firm has a fifty day simple moving average of $187.63 and a 200-day simple moving average of $176.17. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.

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

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.