Graves Light Lenhart Wealth Inc. Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Graves Light Lenhart Wealth Inc. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,854 shares of the e-commerce giant’s stock after selling 172 shares during the period. Amazon.com comprises 1.4% of Graves Light Lenhart Wealth Inc.’s investment portfolio, making the stock its 17th biggest position. Graves Light Lenhart Wealth Inc.’s holdings in Amazon.com were worth $11,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Heritage Family Offices LLP bought a new position in shares of Amazon.com during the 2nd quarter worth $206,000. Equita Financial Network Inc. lifted its holdings in Amazon.com by 6.1% during the second quarter. Equita Financial Network Inc. now owns 1,879 shares of the e-commerce giant’s stock valued at $363,000 after purchasing an additional 108 shares during the last quarter. Graypoint LLC lifted its holdings in Amazon.com by 4.0% during the second quarter. Graypoint LLC now owns 83,867 shares of the e-commerce giant’s stock valued at $16,207,000 after purchasing an additional 3,247 shares during the last quarter. Confluence Wealth Services Inc. increased its stake in shares of Amazon.com by 7.5% in the second quarter. Confluence Wealth Services Inc. now owns 26,760 shares of the e-commerce giant’s stock worth $5,171,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Nicola Wealth Management LTD. raised its position in shares of Amazon.com by 22.2% in the second quarter. Nicola Wealth Management LTD. now owns 66,000 shares of the e-commerce giant’s stock valued at $12,754,000 after purchasing an additional 12,000 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $234.85 on Friday. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.29, a PEG ratio of 1.31 and a beta of 1.14. The stock has a fifty day moving average of $220.27 and a 200 day moving average of $197.47. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $236.40. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted 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 firm 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%. During the same period last year, the company posted $0.85 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on AMZN shares. HSBC raised their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Redburn Atlantic boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Oppenheimer raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen upped their price target on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $249.02.

About Amazon.com

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.