Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,816,137 shares of the e-commerce giant’s stock after selling 56,552 shares during the quarter. Amazon.com makes up about 3.0% of WCM Investment Management LLC’s portfolio, making the stock its 9th biggest holding. WCM Investment Management LLC owned approximately 0.06% of Amazon.com worth $1,287,111,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Rench Wealth Management Inc. grew its holdings in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the period. Foundations Investment Advisors LLC lifted its position in Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after buying an additional 16,392 shares during the last quarter. Blankinship & Foster LLC boosted its stake in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares during the period. Umpqua Bank increased its position in shares of Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after acquiring an additional 137 shares during the last quarter. Finally, One Wealth Capital Management LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $4,270,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $200.70 on Friday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.29, a PEG ratio of 1.50 and a beta of 1.19. The firm’s fifty day simple moving average is $224.60 and its 200-day simple moving average is $206.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction 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 transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % 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 worth $23,871,905. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. TD Cowen increased their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Jefferies Financial Group raised their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Mizuho boosted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Rosenblatt Securities raised their target price on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Citigroup reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average 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.