Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lessened by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,506 shares of the e-commerce giant’s stock after selling 2,042 shares during the period. Amazon.com comprises approximately 5.3% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Amazon.com were worth $21,172,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AMZN. Icon Wealth Advisors LLC lifted its stake in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the period. Hoese & Co LLP purchased a new stake in Amazon.com in the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the 3rd quarter valued at $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com during the 3rd quarter worth $56,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Amazon.com by 1.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after purchasing an additional 3,055 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com 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 transaction, the director now owns 24,912 shares in the company, valued at approximately $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 90 days, insiders sold 3,026,212 shares of company stock worth $625,666,424. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Maxim Group upped their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Roth Mkm increased their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Moffett Nathanson upped their price target on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $252.56.

Amazon.com Trading Up 1.1 %

NASDAQ:AMZN opened at $238.83 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. 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 $2.51 trillion, a PE ratio of 51.14, a P/E/G ratio of 1.35 and a beta of 1.15. The business’s 50 day moving average is $225.85 and its two-hundred day moving average is $200.03.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. On average, analysts predict that Amazon.com, Inc. will post 5.3 EPS for the current year.

Amazon.com Company 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.