GSB Wealth Management LLC Has $2.38 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

GSB Wealth Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,859 shares of the e-commerce giant’s stock after selling 581 shares during the period. GSB Wealth Management LLC’s holdings in Amazon.com were worth $2,382,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its position in Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Legal & General Group Plc lifted its position in Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Amazon.com by 3.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock worth $10,776,201,000 after purchasing an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Amazon.com by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock worth $10,678,217,000 after purchasing an additional 1,980,663 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred 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 directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % 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 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $228.93 on Thursday. The company has a market capitalization of $2.43 trillion, a PE ratio of 41.40, a P/E/G ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. 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 company has a 50 day simple moving average of $227.77 and a two-hundred day simple moving average of $201.59.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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%. Research analysts anticipate that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. Oppenheimer upped their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. JMP Securities reissued a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. The Goldman Sachs Group increased their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, DA Davidson increased their target price on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

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.