Ascent Wealth Partners LLC Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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Ascent Wealth Partners LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,821 shares of the e-commerce giant’s stock after selling 139 shares during the quarter. Ascent Wealth Partners LLC’s holdings in Amazon.com were worth $5,936,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in Amazon.com by 1.5% during the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock worth $579,225,000 after acquiring an additional 2,686 shares during the last quarter. Graypoint LLC increased its stake in Amazon.com by 57.9% during the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock worth $5,555,000 after acquiring an additional 625 shares during the last quarter. Castle Rock Wealth Management LLC increased its stake in Amazon.com by 10.6% during the first quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock worth $5,422,000 after acquiring an additional 164 shares during the last quarter. AHL Investment Management Inc. increased its stake in Amazon.com by 462.2% during the first quarter. AHL Investment Management Inc. now owns 669 shares of the e-commerce giant’s stock worth $2,181,000 after acquiring an additional 550 shares during the last quarter. Finally, Atlas Private Wealth Advisors acquired a new stake in Amazon.com during the first quarter worth $6,229,000. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 1,181 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the sale, the chief executive officer now owns 92,781 shares in the company, valued at approximately $209,870,622. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew R. Jassy sold 1,181 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the sale, the chief executive officer now owns 92,781 shares in the company, valued at approximately $209,870,622. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 761 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the completion of the sale, the chief financial officer now owns 2,375 shares in the company, valued at approximately $5,151,897.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,803 shares of company stock worth $10,528,337. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $142.57 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $116.58 and its two-hundred day moving average is $134.61. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11. The stock has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 127.81, a PEG ratio of 6.11 and a beta of 1.33.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 0.97 EPS for the current year.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. BMO Capital Markets cut their target price on Amazon.com from $182.50 to $172.50 in a research note on Friday, April 29th. Wolfe Research raised their target price on Amazon.com from $140.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Benchmark dropped their price objective on Amazon.com from $200.00 to $185.00 in a research note on Friday, April 29th. UBS Group lifted their price objective on Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Rosenblatt Securities lifted their price objective on Amazon.com to $118.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.11.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

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