Well Done LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,325 shares of the e-commerce giant’s stock after selling 195 shares during the quarter. Well Done LLC’s holdings in Amazon.com were worth $600,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the business. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. Wells Financial Advisors INC increased its stake in Amazon.com by 1,900.0% during the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares during the period. Knott David M Jr acquired a new position in Amazon.com in the 2nd quarter valued at approximately $32,000. Laurel Wealth Planning LLC lifted its position in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares during the period. Finally, Baron Financial Group LLC grew its holdings in shares of Amazon.com by 1,900.0% during the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 342 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors.
Amazon.com Price Performance
Shares of AMZN opened at $97.24 on Wednesday. The stock has a market cap of $996.44 billion, a P/E ratio of -362.82, a price-to-earnings-growth 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. The stock’s 50-day moving average price is $97.60 and its two-hundred day moving average price is $99.86. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on AMZN. Rosenblatt Securities lifted their price target on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. Tigress Financial reissued a “buy” rating and issued a $192.00 target price on shares of Amazon.com in a research note on Thursday, February 9th. Robert W. Baird raised their price target on shares of Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. The Goldman Sachs Group dropped their target price on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a report on Friday, January 13th. Finally, Oppenheimer boosted their price target on Amazon.com from $130.00 to $135.00 and gave the company 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 issued a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $144.72.
Insiders Place Their Bets
In other news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the transaction, the chief executive officer now owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total transaction of $230,681.66. Following the transaction, the chief executive officer now directly owns 138,320 shares in the company, valued at $13,879,028.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the chief executive officer now directly 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. Over the last three months, insiders have sold 73,693 shares of company stock worth $7,225,308. 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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