WESPAC Advisors SoCal LLC Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

WESPAC Advisors SoCal LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,213 shares of the e-commerce giant’s stock after selling 8,355 shares during the quarter. Amazon.com makes up 3.8% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 6th biggest holding. WESPAC Advisors SoCal LLC’s holdings in Amazon.com were worth $16,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of 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 last quarter. Geode Capital Management LLC lifted its holdings in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after buying an additional 6,545,944 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Amazon.com by 3.6% during the 3rd 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 valued at $10,776,201,000 after purchasing an additional 1,984,592 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Amazon.com by 3.6% during the 3rd 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 buying an additional 1,980,663 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Amazon.com by 0.5% in the third quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant’s stock worth $8,843,714,000 after purchasing an additional 257,072 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $208.74 on Friday. The firm has a market capitalization of $2.21 trillion, a PE ratio of 37.75, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $226.70 and a two-hundred day moving average price of $205.29. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

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 the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,149 shares of company stock valued at $24,606,905 over the last three months. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Redburn Atlantic increased their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Moffett Nathanson boosted their price objective on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Loop Capital increased their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets restated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Two 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.