Atwood & Palmer Inc. Sells 200 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Apr 29th, 2023

Atwood & Palmer Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,780 shares of the e-commerce giant’s stock after selling 200 shares during the quarter. Atwood & Palmer Inc.’s holdings in Amazon.com were worth $654,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bridgefront Capital LLC bought a new stake in Amazon.com during the first quarter valued at approximately $228,000. Krane Funds Advisors LLC lifted its holdings in Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new position in Amazon.com during the first quarter valued at approximately $258,000. My Personal CFO LLC purchased a new position in Amazon.com during the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com during the first quarter valued at approximately $191,000. 57.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMZN shares. Rosenblatt Securities lifted their price target on shares of Amazon.com from $106.00 to $111.00 in a report on Friday. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Cowen lifted their price target on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Robert W. Baird boosted their target price on shares of Amazon.com from $125.00 to $130.00 in a report on Friday. Finally, Evercore ISI lowered their target price on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a report on Monday, April 3rd. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $144.82.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 5,100 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders have sold a total of 78,713 shares of company stock worth $7,739,103 in the last three months. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Stock Down 4.0 %

Shares of Amazon.com stock opened at $105.45 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The firm’s 50-day moving average is $99.02 and its two-hundred day moving average is $97.44. The stock has a market cap of $1.08 trillion, a price-to-earnings ratio of -393.46, a PEG ratio of 4.24 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the prior year, the business earned $0.21 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 1.37 earnings per share for the current fiscal year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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