Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Engrave Wealth Partners LLC

Engrave Wealth Partners LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,991 shares of the e-commerce giant’s stock after selling 489 shares during the quarter. Amazon.com comprises about 0.7% of Engrave Wealth Partners LLC’s portfolio, making the stock its 21st biggest holding. Engrave Wealth Partners LLC’s holdings in Amazon.com were worth $2,582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMZN. King Wealth raised its position in Amazon.com by 4.6% in the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock worth $3,826,000 after acquiring an additional 1,296 shares in the last quarter. Ascension Asset Management LLC acquired a new stake in Amazon.com during the 2nd quarter worth about $2,001,000. Register Financial Advisors LLC raised its holdings in Amazon.com by 14.3% during the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of Amazon.com by 1.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock valued at $1,858,000 after purchasing an additional 148 shares during the period. Finally, Westchester Capital Management Inc. increased its holdings in shares of Amazon.com by 0.6% in the 2nd quarter. Westchester Capital Management Inc. now owns 28,246 shares of the e-commerce giant’s stock valued at $3,682,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMZN. Raymond James boosted their price target on Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Canaccord Genuity Group upped their price target on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Benchmark upped their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein lifted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $198.09.

View Our Latest Analysis on Amazon.com

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the sale, the chief executive officer now owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the transaction, the chief executive officer now owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,210,510 shares of company stock valued at $5,505,223,106. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Stock Up 0.3 %

Shares of NASDAQ:AMZN opened at $180.97 on Tuesday. Amazon.com, Inc. has a 52 week low of $97.71 and a 52 week high of $183.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $1.88 trillion, a PE ratio of 62.40, a PEG ratio of 1.57 and a beta of 1.17. The company has a 50 day moving average price of $171.33 and a two-hundred day moving average price of $151.85.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

About Amazon.com

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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