Newport Capital Group LLC Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Newport Capital Group LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,079 shares of the e-commerce giant’s stock after selling 195 shares during the period. Newport Capital Group LLC’s holdings in Amazon.com were worth $456,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Quattro Financial Advisors LLC lifted its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares in the last quarter. MBM Wealth Consultants LLC boosted its stake in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares during the period. Semus Wealth Partners LLC grew its holdings in Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after purchasing an additional 49 shares in the last quarter. GGM Financials LLC increased its stake in Amazon.com by 2.1% during the 4th quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock worth $540,000 after buying an additional 50 shares during the period. Finally, Bell Investment Advisors Inc lifted its holdings in Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Scotiabank raised their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Mizuho raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group upped their target price on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Barclays raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Two research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Price Performance

Shares of AMZN opened at $198.89 on Thursday. 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 company has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 35.97, a P/E/G ratio of 1.50 and a beta of 1.19. The business’s 50-day moving average is $222.71 and its 200-day moving average is $207.20. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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 24.25%. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.