Schwarz Dygos Wheeler Investment Advisors LLC Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on May 27th, 2023

Schwarz Dygos Wheeler Investment Advisors LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,014 shares of the e-commerce giant’s stock after selling 1,616 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Amazon.com were worth $1,177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,000. St. James Investment Advisors LLC boosted its position in shares of Amazon.com by 97.7% during the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after buying an additional 170 shares during the period. Retirement Financial Solutions LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $32,000. Laurel Wealth Planning LLC boosted its position in shares of Amazon.com by 1,900.0% during 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. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Moffett Nathanson dropped their target price 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 price target on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. StockNews.com started coverage on shares of Amazon.com in a research note on Thursday, May 18th. They set a “hold” rating for the company. Piper Sandler lifted their price target on shares of Amazon.com from $123.00 to $130.00 in a research note on Friday, April 28th. Finally, Truist Financial lifted their price target on shares of Amazon.com from $142.00 to $144.00 in a research note on Wednesday, April 12th. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $143.12.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,144 shares of company stock valued at $8,405,887. 12.30% of the stock is owned by insiders.

Amazon.com Price Performance

NASDAQ:AMZN opened at $120.11 on Friday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57. 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 firm has a market cap of $1.23 trillion, a price-to-earnings ratio of 285.98, a PEG ratio of 4.06 and a beta of 1.26. The firm’s fifty day moving average is $105.61 and its two-hundred day moving average is $97.88.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The company had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Research analysts expect 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.

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

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