Constitution Capital LLC Sells 3,390 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Jun 1st, 2023

Constitution Capital LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 29.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,200 shares of the e-commerce giant’s stock after selling 3,390 shares during the period. Constitution Capital LLC’s holdings in Amazon.com were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Fiduciary Planning LLC boosted its holdings in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC boosted its holdings in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. boosted its holdings in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. boosted its holdings in Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners boosted its holdings in Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. StockNews.com started coverage on shares of Amazon.com in a research report on Thursday, May 18th. They issued a “hold” rating for the company. DA Davidson upped their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Evercore ISI decreased their price objective on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Monday, April 3rd. Finally, Morgan Stanley upped their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Three analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.52.

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total transaction of $50,835.00. Following the completion of the transaction, the chief executive officer now owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The disclosure for this sale can be found here. Insiders sold a total of 71,144 shares of company stock valued at $8,030,687 in the last 90 days. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $120.58 on Thursday. The firm has a 50 day simple moving average of $106.92 and a 200-day simple moving average of $98.49. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The stock has a market cap of $1.24 trillion, a price-to-earnings ratio of 287.10, a price-to-earnings-growth ratio of 4.18 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. During the same quarter in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current 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.

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

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