Wedmont Private Capital cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,130 shares of the e-commerce giant’s stock after selling 3,642 shares during the period. Amazon.com accounts for 0.6% of Wedmont Private Capital’s holdings, making the stock its 26th biggest holding. Wedmont Private Capital’s holdings in Amazon.com were worth $4,143,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC grew its stake in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. grew its stake in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners grew its stake in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on AMZN shares. JPMorgan Chase & Co. dropped their price objective on Amazon.com from $142.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday. Wells Fargo & Company dropped their price objective on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. The Goldman Sachs Group lowered their target price on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, January 13th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Amazon.com in a research note on Friday, February 3rd. Finally, Cowen boosted their target price on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.72.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the sale, the chief executive officer now owns 529,435 shares in the company, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,394 shares of company stock worth $6,994,626. Company insiders own 12.70% of the company’s stock.
About Amazon.com
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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