San Luis Wealth Advisors LLC Has $8.28 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

San Luis Wealth Advisors LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,513 shares of the e-commerce giant’s stock after selling 14,905 shares during the period. Amazon.com comprises 1.8% of San Luis Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. San Luis Wealth Advisors LLC’s holdings in Amazon.com were worth $8,279,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tallon Kerry Patrick purchased a new stake in Amazon.com in the 4th quarter worth about $800,000. Capital & Planning LLC grew its holdings in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after buying an additional 1,635 shares in the last quarter. LaFleur & Godfrey LLC increased its position in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after buying an additional 860 shares during the period. Brighton Jones LLC lifted its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Amazon.com in the 4th quarter valued at $301,650,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AMZN. The Goldman Sachs Group reduced their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Barclays lowered their price objective on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $212.00 price target (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $245.60.

Amazon.com Stock Up 1.5%

Amazon.com stock opened at $223.13 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33. The stock has a fifty day simple moving average of $206.44 and a two-hundred day simple moving average of $208.70.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 224,926 shares of the business’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $223.56, for a total transaction of $50,284,456.56. Following the completion of the sale, the insider owned 905,454,975 shares of the company’s stock, valued at approximately $202,423,514,211. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,426,963 shares of company stock worth $757,297,707 over the last three months. 9.70% of the stock is currently owned by insiders.

Amazon.com Profile

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.