Amazon.com, Inc. (NASDAQ:AMZN) Holdings Trimmed by Eads & Heald Wealth Management

Eads & Heald Wealth Management decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,374 shares of the e-commerce giant’s stock after selling 695 shares during the period. Amazon.com accounts for 1.8% of Eads & Heald Wealth Management’s investment portfolio, making the stock its 5th biggest holding. Eads & Heald Wealth Management’s holdings in Amazon.com were worth $3,592,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Fiera Capital Corp increased its holdings in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares during the last quarter. Beam Wealth Advisors Inc. raised its stake in Amazon.com by 138.6% in the 2nd quarter. Beam Wealth Advisors Inc. now owns 12,503 shares of the e-commerce giant’s stock valued at $2,416,000 after acquiring an additional 7,262 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Amazon.com by 21.1% during the second quarter. Daiwa Securities Group Inc. now owns 2,410,036 shares of the e-commerce giant’s stock valued at $465,739,000 after purchasing an additional 419,503 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in Amazon.com by 0.4% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 62,907 shares of the e-commerce giant’s stock worth $12,157,000 after purchasing an additional 252 shares during the period. Finally, Redwood Financial Network Corp increased its stake in shares of Amazon.com by 3.6% in the second quarter. Redwood Financial Network Corp now owns 10,091 shares of the e-commerce giant’s stock worth $1,950,000 after purchasing an additional 349 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Moffett Nathanson raised their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Pivotal Research began coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Sanford C. Bernstein raised their price target on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Rosenblatt Securities raised their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Monness Crespi & Hardt raised their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $260.20.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,026,212 shares of company stock valued at $625,666,424 over the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 4.1 %

Shares of AMZN stock opened at $229.15 on Friday. The stock has a market cap of $2.41 trillion, a P/E ratio of 49.07, a PEG ratio of 1.35 and a beta of 1.15. 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’s fifty day simple moving average is $226.51 and its two-hundred day simple moving average is $200.30. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

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