Curated Wealth Partners LLC Has $6 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Curated Wealth Partners LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,349 shares of the e-commerce giant’s stock after selling 1,887 shares during the quarter. Amazon.com makes up about 0.7% of Curated Wealth Partners LLC’s portfolio, making the stock its 11th biggest holding. Curated Wealth Partners LLC’s holdings in Amazon.com were worth $6,000,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Hoese & Co LLP acquired a new position in shares of Amazon.com in the third quarter valued at approximately $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the 3rd quarter valued at $45,000. Values First Advisors Inc. acquired a new position in Amazon.com in the 3rd quarter valued at $56,000. IFS Advisors LLC increased its position in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after buying an additional 325 shares during the period. Finally, West Financial Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $88,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $232.76 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 42.09, a PEG ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company’s 50-day simple moving average is $227.38 and its 200-day simple moving average is $201.24.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 9.29% and a return on equity of 25.49%. Equities analysts anticipate that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction 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 transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,850 shares of company stock valued at $6,168,581 over the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. Barclays increased their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Stifel Nicolaus increased their target price on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Truist Financial boosted their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Morgan Stanley increased their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two investment 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.52.

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.