Wells Trecaso Financial Group LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Wells Trecaso Financial Group LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,774 shares of the e-commerce giant’s stock after selling 589 shares during the period. Wells Trecaso Financial Group LLC’s holdings in Amazon.com were worth $1,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Pacific Financial increased its position in shares of Amazon.com by 36.2% in the 1st quarter. First Pacific Financial now owns 2,369 shares of the e-commerce giant’s stock worth $427,000 after purchasing an additional 630 shares during the last quarter. Midwest Heritage Bank FSB increased its position in shares of Amazon.com by 34.4% in the 1st quarter. Midwest Heritage Bank FSB now owns 2,178 shares of the e-commerce giant’s stock worth $393,000 after purchasing an additional 558 shares during the last quarter. Essex Financial Services Inc. increased its position in shares of Amazon.com by 5.7% in the 1st quarter. Essex Financial Services Inc. now owns 117,559 shares of the e-commerce giant’s stock worth $21,205,000 after purchasing an additional 6,365 shares during the last quarter. Capasso Planning Partners LLC increased its position in shares of Amazon.com by 1.3% in the 1st quarter. Capasso Planning Partners LLC now owns 6,231 shares of the e-commerce giant’s stock worth $1,124,000 after purchasing an additional 81 shares during the last quarter. Finally, H&H Retirement Design & Management INC bought a new stake in shares of Amazon.com in the 1st quarter worth about $1,237,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.2 %

Shares of AMZN stock traded down $0.30 during trading hours on Friday, reaching $180.75. 27,471,640 shares of the stock traded hands, compared to its average volume of 45,370,076. The business has a fifty day moving average price of $182.04 and a 200 day moving average price of $166.22. Amazon.com, Inc. has a 1-year low of $114.31 and a 1-year high of $191.70. The firm has a market capitalization of $1.88 trillion, a PE ratio of 50.63, a PEG ratio of 1.30 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Telsey Advisory Group lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Wedbush reaffirmed an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. UBS Group lifted their price target on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Truist Financial lifted their price target on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $211.62.

View Our Latest Analysis on AMZN

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The disclosure for this sale can be found here. Insiders sold 117,894 shares of company stock valued at $21,363,909 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

See Also

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

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