Redwood Wealth Management Group LLC Sells 110 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Redwood Wealth Management Group LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,501 shares of the e-commerce giant’s stock after selling 110 shares during the quarter. Amazon.com comprises 0.9% of Redwood Wealth Management Group LLC’s holdings, making the stock its 28th largest position. Redwood Wealth Management Group LLC’s holdings in Amazon.com were worth $836,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMZN. PayPay Securities Corp increased its stake in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $57,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com in the third quarter valued at $49,000. Finally, AM Squared Ltd acquired a new stake in shares of Amazon.com in the third quarter valued at $76,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.6 %

NASDAQ AMZN opened at $176.59 on Thursday. The stock has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. The stock’s 50 day moving average price is $177.71 and its two-hundred day moving average price is $158.12. 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, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77.

Amazon.com (NASDAQ:AMZN) last released 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. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Susquehanna raised their target price on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Raymond James lifted their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. JMP Securities reiterated a “market outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Wednesday. Barclays lifted their price objective on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley lifted their price objective on Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $204.76.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at approximately $156,491,020,557.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Corporate insiders own 10.80% of the company’s stock.

Amazon.com 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.