Tevis Investment Management lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,827 shares of the e-commerce giant’s stock after selling 211 shares during the quarter. Tevis Investment Management’s holdings in Amazon.com were worth $395,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fiduciary Planning LLC increased 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 acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC grew its position 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 in the last quarter. Meridian Investment Counsel Inc. grew its position 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 in the last quarter. Alterna Wealth Management Inc. grew its position 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 in the last quarter. Finally, Archetype Wealth Partners grew its position 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 in the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 10,760 shares of Amazon.com stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the sale, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at approximately $16,562,739.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 21,925 shares of the business’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 directly 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 available at this hyperlink. Also, CEO Adam Selipsky sold 10,760 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the sale, the chief executive officer now directly owns 150,120 shares in the company, valued at $16,562,739.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,305 shares of company stock valued at $8,606,808. 12.70% of the stock is owned by insiders.
Amazon.com Trading Up 1.9 %
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on AMZN. Loop Capital raised their target price on shares of Amazon.com from $140.00 to $180.00 in a research report on Thursday, June 22nd. Moffett Nathanson decreased their target price on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a research report on Monday, April 24th. Barclays raised their target price on shares of Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday. CICC Research started coverage on shares of Amazon.com in a research report on Sunday, July 9th. They issued an “outperform” rating for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Amazon.com from $159.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.89.
View Our Latest Research Report on AMZN
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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