Greenup Street Wealth Management LLC Sells 729 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Greenup Street Wealth Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,798 shares of the e-commerce giant’s stock after selling 729 shares during the period. Greenup Street Wealth Management LLC’s holdings in Amazon.com were worth $1,219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AMZN. USAdvisors Wealth Management LLC lifted its holdings in shares of Amazon.com by 12.5% in the 4th quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock valued at $272,000 after acquiring an additional 359 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $426,000. Veritas Asset Management LLP increased its position in shares of Amazon.com by 19.6% during the 4th quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock valued at $660,964,000 after purchasing an additional 1,286,797 shares during the last quarter. Mayfair Advisory Group LLC raised its holdings in Amazon.com by 12.0% during the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock valued at $468,000 after buying an additional 488 shares during the period. Finally, Little House Capital LLC lifted its position in Amazon.com by 6.3% in the first quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock worth $3,919,000 after buying an additional 2,251 shares during the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $133.26 on Monday. The company has a fifty day moving average of $132.03 and a two-hundred day moving average of $114.87. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $143.63. The stock has a market capitalization of $1.37 trillion, a PE ratio of 104.93, a P/E/G ratio of 1.77 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The business had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. As a group, research analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Citigroup increased their price objective on shares of Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Jefferies Financial Group boosted their target price on Amazon.com from $135.00 to $150.00 in a research report on Wednesday, June 21st. Stifel Nicolaus increased their price target on Amazon.com from $101.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Loop Capital boosted their price objective on Amazon.com from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.87.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $120.61, for a total value of $482,440.00. Following the completion of the sale, the chief executive officer now directly owns 568,301 shares in the company, valued at $68,542,783.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total transaction of $63,135.00. Following the transaction, the chief executive officer now owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $120.61, for a total value of $482,440.00. Following the completion of the sale, the chief executive officer now directly owns 568,301 shares of the company’s stock, valued at $68,542,783.61. The disclosure for this sale can be found here. Insiders have sold a total of 1,366,329 shares of company stock valued at $48,990,512 in the last 90 days. 12.30% of the stock is owned by insiders.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.