AGH Wealth Advisors LLC Has $2.73 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

AGH Wealth Advisors LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,368 shares of the e-commerce giant’s stock after selling 405 shares during the quarter. Amazon.com accounts for about 2.6% of AGH Wealth Advisors LLC’s holdings, making the stock its 11th biggest position. AGH Wealth Advisors LLC’s holdings in Amazon.com were worth $2,734,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Tallon Kerry Patrick purchased a new position in Amazon.com in the fourth quarter valued at about $800,000. Capital & Planning LLC boosted its stake in Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after acquiring an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC boosted its stake in Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after acquiring an additional 860 shares during the last quarter. Brighton Jones LLC boosted its stake in Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after acquiring an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Amazon.com in the fourth quarter valued at about $301,650,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on AMZN. Wedbush reiterated an “outperform” rating and issued a $235.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus lowered their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Finally, Citigroup reissued a “buy” rating on shares of Amazon.com in a research report on Monday, June 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.89.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $212.52 on Thursday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. The company has a fifty day moving average of $197.28 and a 200-day moving average of $209.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,037 shares of company stock valued at $20,531,075. Corporate insiders own 9.70% of the company’s stock.

About Amazon.com

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.