Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,931 shares of the e-commerce giant’s stock after selling 244 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Amazon.com were worth $10,516,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fiera Capital Corp raised 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 valued at $77,515,000 after buying an additional 44,615 shares during the period. Beck Bode LLC acquired a new stake in shares of Amazon.com during the second quarter valued at about $651,000. Asset Management Group Inc. lifted its holdings in shares of Amazon.com by 1.9% in the 2nd quarter. Asset Management Group Inc. now owns 40,648 shares of the e-commerce giant’s stock worth $7,855,000 after acquiring an additional 764 shares during the last quarter. Arista Wealth Management LLC boosted its position in shares of Amazon.com by 83.4% during the 2nd quarter. Arista Wealth Management LLC now owns 16,418 shares of the e-commerce giant’s stock worth $3,173,000 after purchasing an additional 7,466 shares during the period. Finally, Tcwp LLC increased its holdings in Amazon.com by 2.4% in the 2nd quarter. Tcwp LLC now owns 5,733 shares of the e-commerce giant’s stock valued at $1,108,000 after purchasing an additional 132 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. Tigress Financial increased their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Royal Bank of Canada boosted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $260.74.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,611 shares of company stock valued at $11,122,402 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of AMZN opened at $226.45 on Wednesday. The firm has a market capitalization of $2.38 trillion, a PE ratio of 40.95, a P/E/G ratio of 1.36 and a beta of 1.15. The stock’s 50 day moving average is $228.26 and its two-hundred day moving average is $202.87. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts anticipate that Amazon.com, Inc. will post 6.24 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.