Weaver Consulting Group Sells 914 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Mar 19th, 2023

Weaver Consulting Group decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,416 shares of the e-commerce giant’s stock after selling 914 shares during the quarter. Weaver Consulting Group’s holdings in Amazon.com were worth $1,127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Bridgefront Capital LLC bought a new position in Amazon.com in the 1st quarter worth about $228,000. Krane Funds Advisors LLC increased its position in Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in Amazon.com during the 1st quarter valued at $258,000. My Personal CFO LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com during the first quarter valued at $191,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Trading Down 1.1 %

AMZN stock opened at $98.95 on Friday. The stock has a market cap of $1.01 trillion, a price-to-earnings ratio of -369.20, a PEG ratio of 3.97 and a beta of 1.25. The business’s 50-day moving average is $97.01 and its 200 day moving average is $101.53. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data 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). The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. 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 quarter. Company insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Robert W. Baird boosted their price objective on Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. DA Davidson upped their target price on Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Benchmark upped their price target on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Evercore ISI raised their price target on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Finally, UBS Group increased their price objective on shares of Amazon.com from $118.00 to $127.00 in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.72.

Amazon.com Company Profile

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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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