Amazon.com, Inc. (NASDAQ:AMZN) Position Lessened by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 29,574 shares of the e-commerce giant’s stock after selling 356 shares during the period. Amazon.com makes up approximately 2.4% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding. Jeppson Wealth Management LLC’s holdings in Amazon.com were worth $6,488,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Fiera Capital Corp boosted its holdings in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares during the last quarter. Beck Bode LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $651,000. Davidson Capital Management Inc. raised its stake in shares of Amazon.com by 22.4% in the 2nd quarter. Davidson Capital Management Inc. now owns 17,086 shares of the e-commerce giant’s stock valued at $3,302,000 after acquiring an additional 3,122 shares during the period. Callan Capital LLC lifted its stake in Amazon.com by 21.2% during the 2nd quarter. Callan Capital LLC now owns 25,872 shares of the e-commerce giant’s stock worth $5,000,000 after acquiring an additional 4,520 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its position in Amazon.com by 134.7% in the 2nd quarter. Bridges Investment Management Inc. now owns 1,613,024 shares of the e-commerce giant’s stock valued at $311,717,000 after buying an additional 925,822 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN stock opened at $228.68 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.40 trillion, a P/E ratio of 41.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The business’s fifty day moving average is $228.21 and its 200-day moving average is $202.55.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Equities research analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com 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 transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the 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 transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,611 shares of company stock valued at $11,122,402. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMZN. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Roth Mkm upped their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wolfe Research upped their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Sanford C. Bernstein lifted their price target on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Finally, Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $260.74.

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.