Wooster Corthell Wealth Management Inc. Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Wooster Corthell Wealth Management Inc. reduced its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,069 shares of the e-commerce giant’s stock after selling 57 shares during the period. Amazon.com comprises approximately 0.5% of Wooster Corthell Wealth Management Inc.’s holdings, making the stock its 24th largest position. Wooster Corthell Wealth Management Inc.’s holdings in Amazon.com were worth $2,428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Willner & Heller LLC grew its stake in shares of Amazon.com by 2.1% in the fourth quarter. Willner & Heller LLC now owns 13,403 shares of the e-commerce giant’s stock worth $2,940,000 after acquiring an additional 282 shares during the period. Trueblood Wealth Management LLC boosted its holdings in Amazon.com by 37.2% in the fourth quarter. Trueblood Wealth Management LLC now owns 7,983 shares of the e-commerce giant’s stock worth $1,751,000 after purchasing an additional 2,166 shares during the last quarter. Mechanics Bank Trust Department grew its position in Amazon.com by 3.0% in the 4th quarter. Mechanics Bank Trust Department now owns 62,018 shares of the e-commerce giant’s stock worth $13,606,000 after purchasing an additional 1,822 shares during the period. Pine Haven Investment Counsel Inc purchased a new stake in Amazon.com during the 4th quarter valued at $202,000. Finally, Diversify Wealth Management LLC raised its stake in Amazon.com by 30.2% during the 4th quarter. Diversify Wealth Management LLC now owns 98,519 shares of the e-commerce giant’s stock valued at $21,570,000 after buying an additional 22,853 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

AMZN stock opened at $242.06 on Wednesday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a market capitalization of $2.55 trillion, a P/E ratio of 51.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a fifty day simple moving average of $224.55 and a two-hundred day simple moving average of $199.36. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMZN. Raymond James raised their price target on Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. Roth Mkm boosted their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Oppenheimer upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Mizuho raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, HSBC increased their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $252.56.

Check Out Our Latest Stock Report on Amazon.com

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the sale, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction 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 transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $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. In the last three months, insiders have sold 6,027,340 shares of company stock worth $1,252,456,773. 10.80% of the stock is currently owned by corporate insiders.

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.

Further Reading

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

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