Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Trimmed by Destiny Wealth Partners LLC

Destiny Wealth Partners LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,476 shares of the e-commerce giant’s stock after selling 2,064 shares during the quarter. Amazon.com comprises approximately 4.5% of Destiny Wealth Partners LLC’s holdings, making the stock its biggest holding. Destiny Wealth Partners LLC’s holdings in Amazon.com were worth $24,978,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cooksen Wealth LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the period. Strid Group LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $43,000. Harbor Investment Advisory LLC raised its stake in shares of Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter valued at $46,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at $92,688,826.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders have sold 65,338 shares of company stock valued at $11,894,344 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMZN shares. Maxim Group cut their price objective on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. The Goldman Sachs Group raised their target price on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Raymond James boosted their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company increased their price objective on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Barclays lifted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $213.82.

Amazon.com Trading Up 1.8 %

Shares of NASDAQ:AMZN opened at $186.10 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $182.72 and its 200 day moving average price is $171.06. The company has a market cap of $1.94 trillion, a PE ratio of 52.13, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $191.70.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.