REDW Wealth LLC Sells 1,431 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

REDW Wealth LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,853 shares of the e-commerce giant’s stock after selling 1,431 shares during the period. Amazon.com accounts for about 0.6% of REDW Wealth LLC’s portfolio, making the stock its 29th largest position. REDW Wealth LLC’s holdings in Amazon.com were worth $2,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. PayPay Securities Corp boosted 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 valued at $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in 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 acquiring an additional 86 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in shares of Amazon.com in the 3rd quarter valued at $49,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $57,000. Finally, AM Squared Ltd purchased a new position in shares of Amazon.com during the third quarter worth $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, 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 value of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, 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 value of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $179.62 on Friday. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77. The company has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.94, a PEG ratio of 1.53 and a beta of 1.16. 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 business’s 50 day moving average price is $177.99 and its 200 day moving average price is $158.59.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $165.96 billion. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMZN shares. Susquehanna increased their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. Raymond James lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Needham & Company LLC reiterated a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Finally, Royal Bank of Canada lifted their price objective on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $205.13.

About Amazon.com

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.