Account Management LLC Decreases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Account Management LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,155 shares of the e-commerce giant’s stock after selling 210 shares during the quarter. Amazon.com accounts for about 0.4% of Account Management LLC’s investment portfolio, making the stock its 18th largest holding. Account Management LLC’s holdings in Amazon.com were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AMZN. Laurel Wealth Planning LLC increased its stake in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in Amazon.com in the 4th quarter worth $37,000. Swaine & Leidel Wealth Services LLC purchased a new position in shares of Amazon.com in the first quarter valued at about $38,000. Atlantic Private Wealth LLC bought a new position in shares of Amazon.com during the first quarter valued at about $43,000. Finally, Goodwin Investment Advisory boosted its holdings in shares of Amazon.com by 1,225.8% during the second quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock worth $44,000 after purchasing an additional 380 shares during the period. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $133.98, for a total value of $535,920.00. Following the transaction, the chief executive officer now directly owns 518,316 shares of the company’s stock, valued at approximately $69,443,977.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 70,056 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $139.86, for a total value of $9,798,032.16. Following the sale, the chief executive officer now directly owns 104,864 shares in the company, valued at $14,666,279.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $133.98, for a total value of $535,920.00. Following the transaction, the chief executive officer now owns 518,316 shares of the company’s stock, valued at approximately $69,443,977.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,358,645 shares of company stock worth $48,160,008. 12.30% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $138.60 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $145.86. The firm has a fifty day moving average price of $132.48 and a 200-day moving average price of $126.94. The stock has a market cap of $1.43 trillion, a PE ratio of 71.81, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $131.54 billion. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. Equities analysts anticipate that Amazon.com, Inc. will post 2.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AMZN shares. Mizuho reaffirmed a “buy” rating and set a $180.00 price target on shares of Amazon.com in a research report on Wednesday, September 27th. Piper Sandler upped their target price on Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $175.00 price target on shares of Amazon.com in a report on Tuesday, October 17th. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Citigroup lifted their target price on shares of Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Two analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.80.

Amazon.com 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.