Wheelhouse Advisory Group LLC Sells 140 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wheelhouse Advisory Group LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,522 shares of the e-commerce giant’s stock after selling 140 shares during the period. Amazon.com comprises 0.5% of Wheelhouse Advisory Group LLC’s portfolio, making the stock its 23rd biggest holding. Wheelhouse Advisory Group LLC’s holdings in Amazon.com were worth $773,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMZN. Fiera Capital Corp boosted its holdings in Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after acquiring an additional 44,615 shares during the last quarter. William Blair Investment Management LLC lifted its position in Amazon.com by 6.2% during the 2nd quarter. William Blair Investment Management LLC now owns 6,743,444 shares of the e-commerce giant’s stock valued at $1,303,171,000 after purchasing an additional 391,337 shares during the period. Vima LLC boosted its stake in shares of Amazon.com by 8.5% in the 2nd quarter. Vima LLC now owns 9,677 shares of the e-commerce giant’s stock valued at $1,870,000 after purchasing an additional 758 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of Amazon.com by 11.5% during the 2nd quarter. Wealthspire Advisors LLC now owns 156,018 shares of the e-commerce giant’s stock worth $30,150,000 after buying an additional 16,061 shares during the period. Finally, Krane Funds Advisors LLC raised its stake in shares of Amazon.com by 10.6% during the second quarter. Krane Funds Advisors LLC now owns 5,406 shares of the e-commerce giant’s stock worth $1,045,000 after buying an additional 519 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMZN shares. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. DA Davidson increased their price target on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Scotiabank lifted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, Barclays upped their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Two 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.52.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was 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 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. Insiders sold a total of 29,850 shares of company stock worth $6,168,581 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 0.2 %

Shares of Amazon.com stock opened at $232.76 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a fifty day simple moving average of $227.38 and a 200-day simple moving average of $201.24. The firm has a market cap of $2.45 trillion, a price-to-earnings ratio of 42.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current fiscal 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.