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

Stone Summit Wealth LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,582 shares of the e-commerce giant’s stock after selling 357 shares during the quarter. Stone Summit Wealth LLC’s holdings in Amazon.com were worth $347,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Wealthstar Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth $3,510,000. Martin Capital Advisors LLP boosted its position in shares of Amazon.com by 208.7% during the 4th quarter. Martin Capital Advisors LLP now owns 10,044 shares of the e-commerce giant’s stock worth $2,204,000 after purchasing an additional 6,790 shares in the last quarter. Tevis Investment Management grew its stake in shares of Amazon.com by 2.5% during the 4th quarter. Tevis Investment Management now owns 4,281 shares of the e-commerce giant’s stock worth $939,000 after purchasing an additional 103 shares during the period. Focused Wealth Management Inc increased its holdings in shares of Amazon.com by 0.6% in the 4th quarter. Focused Wealth Management Inc now owns 32,206 shares of the e-commerce giant’s stock valued at $7,066,000 after purchasing an additional 177 shares in the last quarter. Finally, Legacy Financial Strategies LLC lifted its stake in shares of Amazon.com by 5.5% in the fourth quarter. Legacy Financial Strategies LLC now owns 11,399 shares of the e-commerce giant’s stock valued at $2,510,000 after purchasing an additional 593 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Amazon.com stock opened at $199.25 on Friday. The company has a market cap of $2.11 trillion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock’s 50-day moving average is $224.11 and its 200-day moving average is $206.61.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In related news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,649 shares of company stock valued at $23,871,905. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on AMZN shares. Telsey Advisory Group restated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Loop Capital lifted their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. 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. Finally, UBS Group raised their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two investment 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 company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $260.65.

About Amazon.com

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.