Wealth Group Ltd Sells 766 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wealth Group Ltd decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 32.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,575 shares of the e-commerce giant’s stock after selling 766 shares during the quarter. Wealth Group Ltd’s holdings in Amazon.com were worth $346,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Helios Capital Management PTE. Ltd. grew its holdings in Amazon.com by 15.1% during the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock worth $7,827,000 after acquiring an additional 5,300 shares during the period. FAS Wealth Partners Inc. boosted its position in shares of Amazon.com by 2.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 64,381 shares of the e-commerce giant’s stock valued at $12,442,000 after purchasing an additional 1,592 shares in the last quarter. Blue Chip Partners LLC boosted its position in shares of Amazon.com by 7.2% during the 2nd quarter. Blue Chip Partners LLC now owns 116,953 shares of the e-commerce giant’s stock valued at $22,601,000 after purchasing an additional 7,858 shares in the last quarter. Coerente Capital Management grew its stake in Amazon.com by 1.3% during the second quarter. Coerente Capital Management now owns 128,617 shares of the e-commerce giant’s stock worth $24,855,000 after purchasing an additional 1,643 shares during the period. Finally, AM Investment Strategies LLC increased its holdings in Amazon.com by 1.0% in the second quarter. AM Investment Strategies LLC now owns 279,500 shares of the e-commerce giant’s stock worth $54,013,000 after purchasing an additional 2,749 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade 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 sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 2.4 %

Amazon.com stock opened at $225.94 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.38 trillion, a P/E ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. The firm has a 50 day moving average price of $217.91 and a 200-day moving average price of $196.27. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMZN. Jefferies Financial Group increased their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Monness Crespi & Hardt increased their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Finally, Benchmark boosted their target price on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com 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.