Amazon.com, Inc. (NASDAQ:AMZN) is Weatherly Asset Management L. P.’s 4th Largest Position

Weatherly Asset Management L. P. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 233,575 shares of the e-commerce giant’s stock after selling 3,683 shares during the period. Amazon.com makes up approximately 4.1% of Weatherly Asset Management L. P.’s investment portfolio, making the stock its 4th largest position. Weatherly Asset Management L. P.’s holdings in Amazon.com were worth $42,132,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cooksen Wealth LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. boosted its position 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 during the period. Strid Group LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth $43,000. Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 0.7% during the 4th 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 stake in shares of Amazon.com during the 4th quarter worth $46,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock traded up $2.19 during trading on Friday, reaching $199.78. 16,171,819 shares of the company were exchanged, compared to its average volume of 42,645,039. The company has a market cap of $2.08 trillion, a P/E ratio of 56.03, a PEG ratio of 1.41 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The stock’s 50 day moving average price is $185.58 and its 200 day moving average price is $174.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) 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 company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMZN shares. Wedbush reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Wells Fargo & Company lifted their price objective on shares of Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Bank of America lifted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Loop Capital lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Mizuho lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $215.86.

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 dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders have sold 69,548 shares of company stock valued at $12,774,204 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.