Fiduciary Group LLC Sells 8,092 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on May 19th, 2023

Fiduciary Group LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,818 shares of the e-commerce giant’s stock after selling 8,092 shares during the period. Amazon.com comprises 1.2% of Fiduciary Group LLC’s portfolio, making the stock its 26th biggest position. Fiduciary Group LLC’s holdings in Amazon.com were worth $8,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Planning LLC boosted its position in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares during the period. HBC Financial Services PLLC boosted its position in shares of Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the period. Meridian Investment Counsel Inc. boosted its position in shares of Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the period. Alterna Wealth Management Inc. boosted its position in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the period. Finally, Archetype Wealth Partners boosted its position in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the period. 57.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Rosenblatt Securities increased their price objective on Amazon.com from $106.00 to $111.00 in a research note on Friday, April 28th. UBS Group raised their price target on Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. JPMorgan Chase & Co. lifted their target price on Amazon.com from $135.00 to $145.00 in a research report on Friday, April 28th. JMP Securities reiterated a “market outperform” rating and set a $140.00 target price on shares of Amazon.com in a research report on Wednesday, April 19th. Finally, Evercore ISI cut their target price on Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Monday, April 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $143.12.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 10,760 shares of Amazon.com stock in a transaction dated 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 transaction, the chief executive officer now directly owns 150,120 shares of the company’s stock, valued at $16,562,739.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $105.00, for a total value of $420,000.00. Following the transaction, the chief executive officer now owns 552,298 shares of the company’s stock, valued at approximately $57,991,290. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 10,760 shares of Amazon.com stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $110.33, for a total value of $1,187,150.80. Following the completion of the transaction, the chief executive officer now directly owns 150,120 shares in the company, valued at approximately $16,562,739.60. The disclosure for this sale can be found here. Insiders have sold a total of 61,019 shares of company stock valued at $6,053,511 over the last three months. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $118.15 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The stock has a market capitalization of $1.21 trillion, a price-to-earnings ratio of 281.31, a PEG ratio of 3.94 and a beta of 1.26. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The stock’s fifty day moving average is $103.12 and its two-hundred day moving average is $96.94.

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

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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