44 Wealth Management LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,954 shares of the e-commerce giant’s stock after selling 556 shares during the quarter. 44 Wealth Management LLC’s holdings in Amazon.com were worth $416,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of AMZN. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $27,000. Wells Financial Advisors INC increased its stake in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after buying an additional 266 shares during the period. Knott David M Jr acquired a new stake in shares of Amazon.com in the second quarter valued at about $32,000. Retirement Financial Solutions LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $32,000. Finally, Laurel Wealth Planning LLC increased its stake in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. 57.64% of the stock is currently owned by institutional investors.
Insider Transactions at Amazon.com
In other news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The disclosure for this sale can be found here. In the last three months, insiders sold 77,693 shares of company stock worth $7,634,308. 12.70% of the stock is currently owned by corporate insiders.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The business had revenue of $149.20 billion during the quarter, compared to the consensus estimate 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 was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 1.33 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Benchmark raised their target price on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. UBS Group raised their target price on Amazon.com from $118.00 to $127.00 in a research note on Friday, February 3rd. MKM Partners decreased their target price on Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 18th. The Goldman Sachs Group decreased 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Amazon.com in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.82.
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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