Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Smallwood Wealth Investment Management LLC

Posted by Defense World Staff on Oct 3rd, 2023

Smallwood Wealth Investment Management LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,326 shares of the e-commerce giant’s stock after selling 314 shares during the period. Smallwood Wealth Investment Management LLC’s holdings in Amazon.com were worth $434,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. USAdvisors Wealth Management LLC increased its position in Amazon.com by 12.5% during the fourth quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock worth $272,000 after buying an additional 359 shares during the period. Next Level Private LLC acquired a new position in Amazon.com during the second quarter worth approximately $1,044,000. Mayfair Advisory Group LLC increased its position in Amazon.com by 12.0% during the first quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock worth $468,000 after buying an additional 488 shares during the period. Little House Capital LLC grew its stake in shares of Amazon.com by 6.3% in the 1st quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock valued at $3,919,000 after purchasing an additional 2,251 shares during the last quarter. Finally, Institute for Wealth Management LLC. grew its stake in shares of Amazon.com by 8.7% in the 1st quarter. Institute for Wealth Management LLC. now owns 90,790 shares of the e-commerce giant’s stock valued at $9,378,000 after purchasing an additional 7,285 shares during the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total transaction of $69,240.00. Following the completion of the sale, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,404,645 shares of company stock valued at $54,699,728. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $129.46 on Tuesday. The firm has a market capitalization of $1.34 trillion, a P/E ratio of 101.94, a PEG ratio of 1.68 and a beta of 1.24. The stock has a fifty day moving average price of $134.89 and a 200 day moving average price of $122.26. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $145.86. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating the consensus estimate of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. Equities research analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMZN shares. Piper Jaffray Companies lifted their target price on Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. Bank of America reiterated a “buy” rating and issued a $174.00 target price on shares of Amazon.com in a research note on Tuesday, September 26th. Credit Suisse Group lifted their target price on Amazon.com from $176.00 to $189.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Canaccord Genuity Group lifted their target price on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Canaccord Genuity Group lifted their target price on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.30.

Check Out Our Latest Stock Report on Amazon.com

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.