Chronos Wealth Management LLC Has $10.44 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Chronos Wealth Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 2nd quarter, Holdings Channel reports. The firm owned 54,042 shares of the e-commerce giant’s stock after selling 294 shares during the quarter. Amazon.com comprises 5.8% of Chronos Wealth Management LLC’s holdings, making the stock its 5th largest position. Chronos Wealth Management LLC’s holdings in Amazon.com were worth $10,444,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Garrison Point Advisors LLC boosted its holdings in shares of Amazon.com by 0.3% in the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after buying an additional 55 shares during the last quarter. Meridian Investment Counsel Inc. increased its holdings in Amazon.com by 1.8% during the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC raised its position in Amazon.com by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after acquiring an additional 56 shares during the period. Stordahl Capital Management Inc. boosted its stake in Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after acquiring an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC grew its position in shares of Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of AMZN opened at $187.54 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The firm has a 50 day moving average price of $180.11 and a 200-day moving average price of $183.24. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.53, a PEG ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at $95,335,255.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 in the last ninety days. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AMZN shares. Wells Fargo & Company cut shares of Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $225.00 to $183.00 in a report on Monday, October 7th. Bank of America dropped their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. 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, July 10th. Stifel Nicolaus dropped their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

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.