Nelson Capital Management LLC Has $9.91 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Nelson Capital Management LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% in the fourth quarter, Holdings Channel reports. The firm owned 65,217 shares of the e-commerce giant’s stock after selling 5,628 shares during the quarter. Amazon.com accounts for approximately 2.2% of Nelson Capital Management LLC’s holdings, making the stock its 11th biggest holding. Nelson Capital Management LLC’s holdings in Amazon.com were worth $9,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Lake Hills Wealth Management LLC raised its holdings in Amazon.com by 0.8% during the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after buying an additional 65 shares during the last quarter. Veery Capital LLC raised its stake in shares of Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after acquiring an additional 66 shares during the last quarter. Bellwether Advisors LLC boosted its holdings in shares of Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after purchasing an additional 66 shares during the period. StrategIQ Financial Group LLC grew its stake in shares of Amazon.com by 0.3% in the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after purchasing an additional 66 shares during the last quarter. Finally, Marion Wealth Management increased its holdings in Amazon.com by 1.6% during the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after purchasing an additional 67 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was 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 in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Wedbush lifted their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. UBS Group lifted their price target on shares of Amazon.com from $198.00 to $215.00 and gave the company a “buy” rating in a report on Thursday. Mizuho boosted their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. TD Cowen raised their target price on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $205.13.

Amazon.com Stock Performance

Shares of AMZN stock opened at $179.62 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $177.99 and a 200-day moving average price of $158.98. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The firm has a market capitalization of $1.87 trillion, a PE ratio of 61.94, a P/E/G ratio of 1.55 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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. The business had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.11 earnings per share for the current year.

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.