FWG Holdings LLC Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

FWG Holdings LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,430 shares of the e-commerce giant’s stock after selling 423 shares during the quarter. Amazon.com comprises about 1.3% of FWG Holdings LLC’s portfolio, making the stock its 17th biggest holding. FWG Holdings LLC’s holdings in Amazon.com were worth $2,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Welch Group LLC raised its position in Amazon.com by 0.5% in the 2nd quarter. Welch Group LLC now owns 53,035 shares of the e-commerce giant’s stock valued at $10,249,000 after purchasing an additional 283 shares in the last quarter. Vanderbilt University increased its holdings in shares of Amazon.com by 39.4% in the 2nd quarter. Vanderbilt University now owns 27,440 shares of the e-commerce giant’s stock valued at $5,303,000 after acquiring an additional 7,762 shares during the period. Epic Trust Investment Advisors LLC increased its holdings in shares of Amazon.com by 25.4% in the second quarter. Epic Trust Investment Advisors LLC now owns 4,871 shares of the e-commerce giant’s stock valued at $941,000 after purchasing an additional 986 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in shares of Amazon.com by 5.8% in the second quarter. Brown Lisle Cummings Inc. now owns 40,020 shares of the e-commerce giant’s stock valued at $7,734,000 after acquiring an additional 2,185 shares in the last quarter. Finally, DeDora Capital Inc. lifted its holdings in shares of Amazon.com by 0.6% in the 2nd quarter. DeDora Capital Inc. now owns 39,036 shares of the e-commerce giant’s stock valued at $7,544,000 after buying an additional 238 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $221.30 on Tuesday. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market capitalization of $2.33 trillion, a PE ratio of 47.39, a P/E/G ratio of 1.54 and a beta of 1.16. The company’s 50 day simple moving average is $209.73 and its 200 day simple moving average is $192.89.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMZN shares. Monness Crespi & Hardt raised their price target on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a report on Tuesday, December 10th. Roth Mkm boosted their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Oppenheimer lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Benchmark upped their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

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.