Abundance Wealth Counselors Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Abundance Wealth Counselors decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the first quarter, Holdings Channel reports. The institutional investor owned 23,922 shares of the e-commerce giant’s stock after selling 470 shares during the quarter. Amazon.com accounts for about 1.0% of Abundance Wealth Counselors’ holdings, making the stock its 17th biggest position. Abundance Wealth Counselors’ holdings in Amazon.com were worth $4,315,000 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 AMZN. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 worth $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in shares of Amazon.com in the fourth quarter worth $43,000. Harbor Investment Advisory LLC raised its stake in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on AMZN. TD Cowen lifted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday. Mizuho lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Wedbush reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Robert W. Baird lifted their price objective on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. One research analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $217.38.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s 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 sale, the chief executive officer now directly owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the company’s 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 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 legal filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 266,396 shares of the company’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 transaction, the insider now directly owns 928,433,873 shares in the company, valued at approximately $185,696,058,938.73. The disclosure for this sale can be found here. Insiders have sold a total of 6,113,490 shares of company stock worth $1,222,340,738 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.3 %

Shares of AMZN stock 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 stock’s 50 day simple moving average is $187.63 and its two-hundred day simple moving average is $176.17. The company has a market cap 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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Amazon.com Company 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.