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

Cook Wealth LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,395 shares of the e-commerce giant’s stock after selling 158 shares during the quarter. Amazon.com accounts for about 0.4% of Cook Wealth LLC’s holdings, making the stock its 27th biggest holding. Cook Wealth LLC’s holdings in Amazon.com were worth $799,000 at the end of the most recent reporting period.

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

Amazon.com Stock Up 0.0 %

Shares of AMZN stock opened at $212.80 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business’s fifty day moving average is $227.11 and its 200-day moving average is $205.20. The stock has a market cap of $2.26 trillion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,149 shares of company stock valued at $24,606,905 over the last quarter. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMZN. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. The Goldman Sachs Group upped their price target on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. UBS Group lifted their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Raymond James raised their price target on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Two equities research 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 stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $260.65.

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.