Wolff Wiese Magana LLC Sells 131 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wolff Wiese Magana LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,823 shares of the e-commerce giant’s stock after selling 131 shares during the period. Amazon.com comprises approximately 1.7% of Wolff Wiese Magana LLC’s investment portfolio, making the stock its 16th biggest holding. Wolff Wiese Magana LLC’s holdings in Amazon.com were worth $2,594,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Heritage Family Offices LLP purchased a new stake in Amazon.com in the second quarter valued at $206,000. Massachusetts Wealth Management lifted its holdings in shares of Amazon.com by 3.9% in the 2nd quarter. Massachusetts Wealth Management now owns 3,977 shares of the e-commerce giant’s stock valued at $769,000 after buying an additional 151 shares during the period. JPL Wealth Management LLC boosted its stake in shares of Amazon.com by 17.5% in the second quarter. JPL Wealth Management LLC now owns 20,695 shares of the e-commerce giant’s stock worth $3,999,000 after buying an additional 3,076 shares during the last quarter. Tandem Investment Advisors Inc. grew its holdings in Amazon.com by 47.3% during the second quarter. Tandem Investment Advisors Inc. now owns 2,408 shares of the e-commerce giant’s stock worth $465,000 after acquiring an additional 773 shares during the period. Finally, Drive Wealth Management LLC lifted its holdings in Amazon.com by 1.7% in the second quarter. Drive Wealth Management LLC now owns 28,618 shares of the e-commerce giant’s stock valued at $5,530,000 after acquiring an additional 491 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AMZN shares. UBS Group increased their price target on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Moffett Nathanson lifted their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Benchmark upped their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Pivotal Research started coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Finally, HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $249.46.

Insider Buying and Selling

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

Amazon.com Price Performance

AMZN opened at $235.50 on Tuesday. The company has a 50 day moving average of $220.27 and a two-hundred day moving average of $197.44. 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. The company has a market cap of $2.48 trillion, a P/E ratio of 50.43, a P/E/G ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

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.