Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by Vigilare Wealth Management

Posted by on Mar 21st, 2023

Vigilare Wealth Management trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,034 shares of the e-commerce giant’s stock after selling 11,478 shares during the quarter. Amazon.com makes up approximately 1.4% of Vigilare Wealth Management’s portfolio, making the stock its 9th biggest holding. Vigilare Wealth Management’s holdings in Amazon.com were worth $2,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dohj LLC raised its stake in Amazon.com by 1.8% in the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock valued at $2,807,000 after purchasing an additional 451 shares in the last quarter. Bassett Hargrove Investment Counsel LLC purchased a new stake in Amazon.com in the third quarter valued at approximately $2,120,000. Obermeyer Wood Investment Counsel Lllp raised its stake in Amazon.com by 1.2% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock valued at $35,405,000 after purchasing an additional 3,840 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Amazon.com by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after purchasing an additional 32,781 shares in the last quarter. Finally, West Coast Financial LLC purchased a new stake in Amazon.com in the third quarter valued at approximately $210,000. 57.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Cowen raised their target price on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Susquehanna increased their price target on shares of Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. Robert W. Baird increased their price target on shares of Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Wedbush reduced their price target on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Amazon.com in a research report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $144.72.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Wednesday, March 1st. The stock was 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 in the company, valued at approximately $52,555,952.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

AMZN opened at $97.71 on Tuesday. The stock has a 50-day moving average price of $97.22 and a 200-day moving average price of $101.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The firm has a market cap of $1.00 trillion, a PE ratio of -364.58, a P/E/G ratio of 4.06 and a beta of 1.25. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly 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). The company had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 1.33 earnings per share for the current fiscal year.

Amazon.com 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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