Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Libra Wealth LLC

Libra Wealth LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,295 shares of the e-commerce giant’s stock after selling 1,705 shares during the period. Amazon.com comprises about 0.5% of Libra Wealth LLC’s portfolio, making the stock its 24th biggest position. Libra Wealth LLC’s holdings in Amazon.com were worth $1,162,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BSW Wealth Partners increased its position in shares of Amazon.com by 5.1% in the 4th quarter. BSW Wealth Partners now owns 32,754 shares of the e-commerce giant’s stock valued at $7,186,000 after purchasing an additional 1,580 shares during the last quarter. Spectrum Planning & Advisory Services Inc. grew its stake in shares of Amazon.com by 2.0% during the fourth quarter. Spectrum Planning & Advisory Services Inc. now owns 8,172 shares of the e-commerce giant’s stock worth $1,793,000 after purchasing an additional 160 shares in the last quarter. Falcon Wealth Planning increased its holdings in Amazon.com by 11.5% in the fourth quarter. Falcon Wealth Planning now owns 17,691 shares of the e-commerce giant’s stock valued at $3,881,000 after buying an additional 1,829 shares during the last quarter. Watershed Private Wealth LLC raised its stake in Amazon.com by 2.9% in the fourth quarter. Watershed Private Wealth LLC now owns 16,438 shares of the e-commerce giant’s stock valued at $3,606,000 after buying an additional 463 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in Amazon.com by 2.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 46,954 shares of the e-commerce giant’s stock worth $10,301,000 after buying an additional 1,319 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,611 shares of company stock worth $11,122,402 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Redburn Atlantic raised their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Loop Capital increased their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Piper Sandler reissued an “overweight” rating and issued a $265.00 price target (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Trading Down 1.0 %

Shares of AMZN opened at $226.45 on Wednesday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.38 trillion, a P/E ratio of 40.95, a PEG ratio of 1.36 and a beta of 1.15. The firm’s 50-day moving average is $228.26 and its two-hundred day moving average is $202.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 25.49% and a net margin of 9.29%. On average, research analysts predict that Amazon.com, Inc. will post 6.24 earnings per share 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.