Tlwm Sells 416 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Mar 7th, 2023

Tlwm decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,206 shares of the e-commerce giant’s stock after selling 416 shares during the period. Amazon.com makes up 0.5% of Tlwm’s investment portfolio, making the stock its 21st largest holding. Tlwm’s holdings in Amazon.com were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Kavar Capital Partners Group LLC boosted its stake in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its holdings in Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares during the last quarter. Markel Corp raised its holdings in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its holdings in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AMZN. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Amazon.com in a report on Friday, February 3rd. Wedbush decreased their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Barclays lifted their target price on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $130.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.87.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock valued at $6,994,626 over the last 90 days. 12.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Amazon.com stock opened at $93.75 on Tuesday. The company has a market cap of $960.68 billion, a price-to-earnings ratio of -349.80, a PEG ratio of 3.91 and a beta of 1.25. The firm’s fifty day moving average is $95.10 and its 200 day moving average is $103.74. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The business had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.

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

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