Dakota Wealth Management Sells 10,518 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Dakota Wealth Management reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,543 shares of the e-commerce giant’s stock after selling 10,518 shares during the quarter. Amazon.com accounts for approximately 2.1% of Dakota Wealth Management’s holdings, making the stock its 6th biggest position. Dakota Wealth Management’s holdings in Amazon.com were worth $89,630,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Rench Wealth Management Inc. lifted its holdings in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC lifted its stake in Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after purchasing an additional 16,392 shares during the period. Blankinship & Foster LLC boosted its holdings in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares in the last quarter. Umpqua Bank grew its stake in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after purchasing an additional 137 shares during the period. Finally, One Wealth Capital Management LLC acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $4,270,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was 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 $189,056,461,944.50. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,026,212 shares of company stock worth $625,666,424 in the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 4.1 %

NASDAQ:AMZN opened at $229.15 on Friday. The company has a market cap of $2.41 trillion, a PE ratio of 49.07, a PEG ratio of 1.35 and a beta of 1.15. The stock has a 50-day simple moving average of $226.51 and a 200 day simple moving average of $200.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS 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, sell-side analysts expect that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMZN shares. Wells Fargo & Company lowered their price target on Amazon.com from $212.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Friday. Raymond James upped their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday. Piper Sandler restated an “overweight” rating and set a $265.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday. Finally, Truist Financial raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.20.

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.