4J Wealth Management LLC Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

4J Wealth Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,348 shares of the e-commerce giant’s stock after selling 380 shares during the quarter. Amazon.com accounts for approximately 1.9% of 4J Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. 4J Wealth Management LLC’s holdings in Amazon.com were worth $2,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AMZN. Kavar Capital Partners Group LLC boosted its stake in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares during the period. IFM Investors Pty Ltd boosted its stake in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the period. Ironwood Wealth Management LLC. boosted its stake in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares during the period. Markel Corp boosted its stake in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the period. Finally, Leelyn Smith LLC boosted its stake in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $183.62 on Tuesday. The stock’s 50-day simple moving average is $176.60 and its 200-day simple moving average is $155.79. The firm has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 63.32, a PEG ratio of 1.62 and a beta of 1.17. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

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

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the sale, the chief executive officer now owns 117,560 shares in the company, valued at $17,960,816.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the sale, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,874,846 over the last quarter. Insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMZN shares. DA Davidson boosted their target price on shares of Amazon.com from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. JMP Securities boosted their target price on shares of Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Evercore ISI boosted their target price on shares of Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm boosted their target price on shares of Amazon.com from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus boosted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $201.43.

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.