LongView Wealth Management Sells 412 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

LongView Wealth Management lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,992 shares of the e-commerce giant’s stock after selling 412 shares during the period. Amazon.com makes up approximately 1.2% of LongView Wealth Management’s holdings, making the stock its 21st largest position. LongView Wealth Management’s holdings in Amazon.com were worth $3,947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period. Hoese & Co LLP purchased a new position in shares of Amazon.com in the third quarter worth approximately $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com during the third quarter valued at approximately $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com during the third quarter valued at approximately $56,000. Finally, IFS Advisors LLC raised its position in Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after acquiring an additional 325 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 1.3 %

Shares of Amazon.com stock opened at $237.68 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $241.77. The firm’s 50 day moving average price is $223.02 and its 200-day moving average price is $198.55. 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 $2.50 trillion, a P/E ratio of 50.90, a PEG ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMZN shares. Scotiabank boosted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Oppenheimer boosted their price target on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Tigress Financial raised their price objective on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Loop Capital boosted their price objective on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $250.33.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.