Childress Capital Advisors LLC Sells 1,122 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Childress Capital Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 27,738 shares of the e-commerce giant’s stock after selling 1,122 shares during the quarter. Amazon.com accounts for about 1.5% of Childress Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Childress Capital Advisors LLC’s holdings in Amazon.com were worth $5,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Cooksen Wealth LLC purchased a new position in Amazon.com during the fourth quarter valued at $30,000. PayPay Securities Corp lifted its position in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at about $43,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMZN shares. Sanford C. Bernstein boosted their target price on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. UBS Group boosted their target price on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company boosted their target price on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. BMO Capital Markets boosted their target price on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Oppenheimer boosted their target price on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $211.62.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $0.30 during mid-day trading on Friday, hitting $180.75. The stock had a trading volume of 27,471,640 shares, compared to its average volume of 45,370,076. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a 50 day moving average of $182.04 and a two-hundred day moving average of $166.22. Amazon.com, Inc. has a twelve month low of $114.31 and a twelve month high of $191.70. The firm has a market cap of $1.88 trillion, a PE ratio of 50.63, a PEG ratio of 1.30 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the firm earned $0.31 EPS. The firm’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 fiscal year.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. Insiders have sold a total of 117,894 shares of company stock valued at $21,363,909 in the last ninety days. Company insiders own 10.80% 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.