Granite Bay Wealth Management LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,432 shares of the e-commerce giant’s stock after selling 982 shares during the period. Amazon.com makes up about 1.8% of Granite Bay Wealth Management LLC’s holdings, making the stock its 11th biggest position. Granite Bay Wealth Management LLC’s holdings in Amazon.com were worth $2,808,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at $27,000. Retirement Financial Solutions LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at $32,000. Laurel Wealth Planning LLC boosted its stake 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 valued at $34,000 after purchasing an additional 304 shares in the last quarter. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at $38,000. Finally, Cowa LLC purchased a new stake in shares of Amazon.com in the 3rd quarter valued at $40,000. Institutional investors own 57.64% of the company’s stock.
Insider Buying and Selling
In related news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the sale, the chief executive officer now owns 529,435 shares in the company, valued at approximately $54,478,861.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,193 shares of company stock valued at $7,685,143. 12.70% of the stock is owned by insiders.
Analysts Set New Price Targets
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $102.74 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.05 trillion, a PE ratio of -383.34, a PEG ratio of 4.18 and a beta of 1.26. The firm’s 50-day moving average price is $97.96 and its 200-day moving average price is $98.00. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $158.65.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) 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 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%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 1.35 EPS for the current year.
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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