Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by Hedeker Wealth LLC

Hedeker Wealth LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,424 shares of the e-commerce giant’s stock after selling 359 shares during the period. Amazon.com comprises approximately 3.4% of Hedeker Wealth LLC’s holdings, making the stock its 5th largest position. Hedeker Wealth LLC’s holdings in Amazon.com were worth $10,700,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC grew its position in Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 572 shares in the last quarter. PayPay Securities Corp grew its position in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. Laurel Wealth Planning LLC boosted its holdings in shares of Amazon.com by 1,900.0% during the 2nd 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 shares of Amazon.com during the 4th quarter worth $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com during the 1st quarter worth $38,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $174.63 on Monday. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $177.28 and a 200 day simple moving average of $157.27. The stock has a market capitalization of $1.82 trillion, a PE ratio of 60.22, a P/E/G ratio of 1.52 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share 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 business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the business earned $0.21 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction 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 Amazon.com stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,213,510 shares of company stock valued at $5,505,798,456. 12.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Truist Financial upped their target price on shares of Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Barclays upped their target price on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $202.80.

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.