Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,892 shares of the e-commerce giant’s stock after selling 309 shares during the period. Amazon.com accounts for 0.9% of Legacy Capital Wealth Partners LLC’s holdings, making the stock its 18th largest position. Legacy Capital Wealth Partners LLC’s holdings in Amazon.com were worth $3,925,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Everhart Financial Group Inc. boosted its stake in shares of Amazon.com by 13.4% in the fourth quarter. Everhart Financial Group Inc. now owns 53,057 shares of the e-commerce giant’s stock worth $11,640,000 after acquiring an additional 6,250 shares during the last quarter. Lakeridge Wealth Management LLC lifted its position in Amazon.com by 0.7% during the fourth quarter. Lakeridge Wealth Management LLC now owns 10,975 shares of the e-commerce giant’s stock worth $2,408,000 after buying an additional 73 shares in the last quarter. Ellis Investment Partners LLC lifted its position in Amazon.com by 3.8% during the fourth quarter. Ellis Investment Partners LLC now owns 15,071 shares of the e-commerce giant’s stock worth $3,306,000 after buying an additional 550 shares in the last quarter. Next Level Wealth Planning LLC purchased a new position in Amazon.com during the fourth quarter worth approximately $831,000. Finally, TigerOak Management L.L.C. purchased a new position in Amazon.com during the fourth quarter worth approximately $13,095,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group lifted their price objective on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Maxim Group lifted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Royal Bank of Canada lifted their target price on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 2.1 %

Amazon.com stock opened at $197.95 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a 50 day moving average of $221.65 and a two-hundred day moving average of $207.50. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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%. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.