Walter & Keenan Wealth Management LLC IN ADV Has $1.68 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Walter & Keenan Wealth Management LLC IN ADV decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,028 shares of the e-commerce giant’s stock after selling 176 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Amazon.com were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. PayPay Securities Corp boosted its position in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new stake in shares of Amazon.com during the 3rd quarter valued at about $49,000. Bruce G. Allen Investments LLC bought a new position in Amazon.com in the fourth quarter worth approximately $57,000. Finally, AM Squared Ltd bought a new position in Amazon.com in the third quarter worth approximately $76,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $176.59 on Thursday. The business’s 50-day moving average price is $177.71 and its two-hundred day moving average price is $158.12. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77. The stock has a market cap of $1.83 trillion, a P/E ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

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

Wall Street Analyst Weigh In

AMZN has been the topic of several recent research reports. BMO Capital Markets increased their price target on Amazon.com from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday. Roth Mkm restated a “buy” rating and issued a $205.00 target price on shares of Amazon.com in a report on Tuesday, April 16th. Susquehanna raised their target price on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Evercore ISI raised their target price on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday, March 27th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $204.76.

Insider Activity

In related news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is currently owned by insiders.

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.