Elmwood Wealth Management Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,107 shares of the e-commerce giant’s stock after selling 37 shares during the quarter. Amazon.com makes up 1.8% of Elmwood Wealth Management Inc.’s portfolio, making the stock its 9th largest position. Elmwood Wealth Management Inc.’s holdings in Amazon.com were worth $1,971,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Signet Investment Advisory Group Inc. bought a new stake in Amazon.com in the 4th quarter valued at approximately $33,000. Spence Asset Management boosted its holdings in Amazon.com by 127.3% in the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock worth $38,000 after acquiring an additional 14 shares in the last quarter. Financial Advantage Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $45,000. Contravisory Investment Management Inc. increased its position in Amazon.com by 112.5% in the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 18 shares during the last quarter. Finally, O Brien Wealth Partners LLC grew its position in shares of Amazon.com by 104.8% in the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 55.46% of the company’s stock.

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a report on Monday, April 29th. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, April 29th. JMP Securities increased their price target on Amazon.com from $2,050.00 to $2,275.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Piper Jaffray Companies increased their price target on Amazon.com from $2,070.00 to $2,225.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, Bank of America increased their price target on Amazon.com from $2,100.00 to $2,300.00 and gave the company a “buy” rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and forty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $2,196.39.

Shares of AMZN stock opened at $1,869.67 on Monday. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,050.50. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $920.50 billion, a price-to-earnings ratio of 92.83, a price-to-earnings-growth ratio of 2.13 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.61 by $2.48. The business had revenue of $59.70 billion during the quarter, compared to analyst estimates of $59.73 billion. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. Amazon.com’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.27 EPS. Analysts expect that Amazon.com, Inc. will post 26.55 EPS for the current year.

In other news, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $19,344,200. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $18,111,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,932 shares of company stock valued at $24,196,737. Company insiders own 16.10% of the company’s stock.

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Amazon.com Company Profile

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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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

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