WMS Partners LLC Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on May 18th, 2023

WMS Partners LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,251 shares of the e-commerce giant’s stock after selling 1,317 shares during the quarter. WMS Partners LLC’s holdings in Amazon.com were worth $4,809,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AMZN. State Street Corp raised its holdings in Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC lifted its holdings in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Northern Trust Corp boosted its position in shares of Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the period. Finally, Swiss National Bank increased its holdings in Amazon.com by 1,909.7% in the 2nd quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock valued at $4,219,876,000 after purchasing an additional 37,754,468 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AMZN shares. Moffett Nathanson lowered their price target on Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a research report on Monday, April 24th. Benchmark lifted their target price on Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Robert W. Baird increased their price target on shares of Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. Morgan Stanley lifted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Finally, Wells Fargo & Company reduced their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.12.

Insider Buying and Selling

In other news, CEO Adam Selipsky sold 10,760 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the completion of the sale, the chief executive officer now directly owns 150,120 shares in the company, valued at approximately $16,562,739.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $110.33, for a total value of $1,187,150.80. Following the transaction, the chief executive officer now owns 150,120 shares in the company, valued at $16,562,739.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 16,760 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $95.25, for a total transaction of $1,596,390.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $4,667,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,019 shares of company stock valued at $6,053,511. Insiders own 12.70% of the company’s stock.

Amazon.com Trading Up 1.9 %

Shares of AMZN opened at $115.50 on Thursday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $102.60 and a 200-day simple moving average of $96.79. The stock has a market cap of $1.19 trillion, a price-to-earnings ratio of 275.00, a price-to-earnings-growth ratio of 3.89 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

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.