Professional Financial Advisors LLC Sells 8,197 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Jul 30th, 2023

Professional Financial Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 95.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 407 shares of the e-commerce giant’s stock after selling 8,197 shares during the period. Amazon.com comprises 0.8% of Professional Financial Advisors LLC’s portfolio, making the stock its 26th biggest holding. Professional Financial Advisors LLC’s holdings in Amazon.com were worth $1,327,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in Amazon.com by 37.9% during the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 19,327 shares of the e-commerce giant’s stock worth $1,996,000 after purchasing an additional 5,313 shares during the period. BerganKDV Wealth Management LLC lifted its stake in Amazon.com by 2.9% during the first quarter. BerganKDV Wealth Management LLC now owns 42,491 shares of the e-commerce giant’s stock worth $4,389,000 after purchasing an additional 1,196 shares during the period. United Capital Management of KS Inc. lifted its stake in Amazon.com by 8.1% during the first quarter. United Capital Management of KS Inc. now owns 56,673 shares of the e-commerce giant’s stock worth $5,854,000 after purchasing an additional 4,269 shares during the period. PBMares Wealth Management LLC lifted its stake in Amazon.com by 24.4% during the first quarter. PBMares Wealth Management LLC now owns 11,375 shares of the e-commerce giant’s stock worth $1,175,000 after purchasing an additional 2,233 shares during the period. Finally, Marietta Wealth Management LLC lifted its stake in Amazon.com by 10.4% during the first quarter. Marietta Wealth Management LLC now owns 76,546 shares of the e-commerce giant’s stock worth $7,906,000 after purchasing an additional 7,234 shares during the period. Institutional investors own 56.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AMZN. Telsey Advisory Group raised their price target on shares of Amazon.com from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 12th. StockNews.com began coverage on shares of Amazon.com in a report on Thursday, May 18th. They set a “hold” rating for the company. Wedbush raised their price objective on shares of Amazon.com from $125.00 to $129.00 in a report on Friday, April 28th. Wolfe Research raised their price objective on shares of Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. Finally, Oppenheimer dropped their price objective on shares of Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, April 6th. Three equities research analysts have rated the stock with a hold rating and thirty-nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.64.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Monday, May 1st. The shares were sold at an average price of $105.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now directly owns 552,298 shares of the company’s stock, valued at $57,991,290. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $105.00, for a total value of $420,000.00. Following the sale, the chief executive officer now directly owns 552,298 shares of the company’s stock, valued at approximately $57,991,290. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 21,925 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,997,681 shares in the company, valued at $230,472,456.97. The disclosure for this sale can be found here. Insiders have sold a total of 73,825 shares of company stock valued at $8,546,865 over the last three months. 12.30% of the stock is currently owned by corporate insiders.

Amazon.com Trading Up 3.1 %

Shares of NASDAQ AMZN opened at $132.21 on Friday. The company’s fifty day moving average is $126.73 and its 200-day moving average is $109.85. The stock has a market cap of $1.36 trillion, a price-to-earnings ratio of 314.79, a P/E/G ratio of 2.45 and a beta of 1.26. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $127.36 billion for 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 1.55 EPS for the current year.

Amazon.com Profile

(Free Report)

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

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