Castle Wealth Management LLC Sells 822 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Castle Wealth Management LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the first quarter, Holdings Channel reports. The fund owned 12,526 shares of the e-commerce giant’s stock after selling 822 shares during the period. Castle Wealth Management LLC’s holdings in Amazon.com were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Cooksen Wealth LLC acquired a new position in Amazon.com in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC acquired a new position in Amazon.com in the 4th quarter valued at $43,000. Harbor Investment Advisory LLC grew its holdings in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in Amazon.com in the 4th quarter valued at $46,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $194.49 on Friday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. 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 company has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 54.48, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The business has a 50-day moving average of $187.63 and a 200-day moving average of $176.17.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS 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 business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 266,396 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $200.01, for a total transaction of $53,281,863.96. Following the completion of the sale, the insider now owns 928,433,873 shares of the company’s stock, valued at $185,696,058,938.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 266,396 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $200.01, for a total value of $53,281,863.96. Following the completion of the sale, the insider now directly owns 928,433,873 shares of the company’s stock, valued at approximately $185,696,058,938.73. The disclosure for this sale can be found here. Insiders sold 6,113,490 shares of company stock valued at $1,222,340,738 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. Piper Sandler increased their target price on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Wells Fargo & Company increased their target price on Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Loop Capital increased their target price on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Maxim Group reduced their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One 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.com, the stock presently has an average rating of “Buy” and a consensus target price of $217.38.

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.