AAFMAA Wealth Management & Trust LLC Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

AAFMAA Wealth Management & Trust LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,317 shares of the e-commerce giant’s stock after selling 2,395 shares during the quarter. Amazon.com accounts for 1.6% of AAFMAA Wealth Management & Trust LLC’s investment portfolio, making the stock its 17th largest position. AAFMAA Wealth Management & Trust LLC’s holdings in Amazon.com were worth $3,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rench Wealth Management Inc. boosted its position in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after buying an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after acquiring an additional 16,392 shares in the last quarter. Blankinship & Foster LLC lifted its holdings in shares of Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares in the last quarter. Umpqua Bank lifted its holdings in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after purchasing an additional 137 shares in the last quarter. Finally, One Wealth Capital Management LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $4,270,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following 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 disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wedbush upped their target price on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Truist Financial upped their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, January 10th. Tigress Financial upped their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, Moffett Nathanson lifted their price target on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.02.

Get Our Latest Analysis on Amazon.com

Amazon.com Trading Down 0.2 %

NASDAQ AMZN opened at $234.85 on Friday. The company’s fifty day moving average price is $219.63 and its two-hundred day moving average price is $197.22. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $236.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Amazon.com Company Profile

(Free Report)

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.

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

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