Accel Wealth Management reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 25,210 shares of the e-commerce giant’s stock after selling 1,239 shares during the quarter. Amazon.com accounts for about 1.1% of Accel Wealth Management’s investment portfolio, making the stock its 17th biggest holding. Accel Wealth Management’s holdings in Amazon.com were worth $2,604,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Fiduciary Planning LLC boosted its position in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares during the period. HBC Financial Services PLLC lifted its position in shares of Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. boosted its stake in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares in the last quarter. Alterna Wealth Management Inc. boosted its stake in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners boosted its stake in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares in the last quarter. 56.67% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $128.17, for a total value of $64,085.00. Following the sale, the chief executive officer now owns 150,780 shares of the company’s stock, valued at $19,325,472.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the sale, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $128.17, for a total transaction of $64,085.00. Following the completion of the transaction, the chief executive officer now directly owns 150,780 shares of the company’s stock, valued at approximately $19,325,472.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,845 shares of company stock worth $8,536,085. 12.70% of the stock is owned by insiders.
Analysts Set New Price Targets
Amazon.com Trading Up 1.6 %
NASDAQ:AMZN opened at $130.80 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 311.43, a PEG ratio of 2.52 and a beta of 1.26. The firm has a fifty day simple moving average of $121.77 and a two-hundred day simple moving average of $105.95. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Analysts expect that Amazon.com, Inc. will post 1.56 EPS for the current fiscal year.
Amazon.com Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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