Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 27.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,467 shares of the e-commerce giant's stock after selling 37,363 shares during the period. Amazon.com accounts for about 3.6% of Allen Mooney & Barnes Investment Advisors LLC's investment portfolio, making the stock its 3rd biggest holding. Allen Mooney & Barnes Investment Advisors LLC's holdings in Amazon.com were worth $18,993,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMZN. Collective Family Office LLC boosted its stake in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant's stock valued at $1,674,000 after acquiring an additional 819 shares during the period. Members Trust Co boosted its stake in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant's stock valued at $638,000 after acquiring an additional 341 shares during the period. Cherrydale Wealth Management LLC boosted its stake in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant's stock valued at $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp boosted its stake in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant's stock valued at $10,875,000 after acquiring an additional 2,273 shares during the period. Finally, Nicholas Company Inc. boosted its stake in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant's stock valued at $89,628,000 after acquiring an additional 26,465 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Insiders have sold a total of 65,338 shares of company stock worth $11,894,344 in the last ninety days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Down 2.3 %

NASDAQ AMZN traded down $4.60 on Friday, hitting $193.25. 76,879,772 shares of the stock were exchanged, compared to its average volume of 42,934,938. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a P/E/G ratio of 1.39 and a beta of 1.14. The company's 50-day moving average price is $183.87 and its two-hundred day moving average price is $172.93.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analysts' expectations of $142.65 billion. During the same period in the previous year, the company posted $0.31 EPS. Amazon.com's revenue was up 12.5% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. Truist Financial lifted their target price on Amazon.com from $216.00 to $220.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. The Goldman Sachs Group lifted their target price on Amazon.com from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Roth Mkm reaffirmed a "buy" rating and set a $210.00 price target (up previously from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. Moffett Nathanson reaffirmed a "buy" rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Finally, Bank of America lifted their price target on Amazon.com from $210.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and a consensus price target of $215.86.

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.