Elmwood Wealth Management Inc. Has $1.73 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Elmwood Wealth Management Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,364 shares of the e-commerce giant’s stock after selling 7,049 shares during the quarter. Amazon.com accounts for 1.2% of Elmwood Wealth Management Inc.’s portfolio, making the stock its 21st largest position. Elmwood Wealth Management Inc.’s holdings in Amazon.com were worth $1,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Greenwood Capital Associates LLC raised its holdings in Amazon.com by 3.2% during the 3rd quarter. Greenwood Capital Associates LLC now owns 5,565 shares of the e-commerce giant’s stock worth $707,000 after buying an additional 173 shares during the period. Aurora Private Wealth Inc. increased its position in shares of Amazon.com by 7.2% during the third quarter. Aurora Private Wealth Inc. now owns 15,449 shares of the e-commerce giant’s stock worth $1,964,000 after acquiring an additional 1,039 shares in the last quarter. RDA Financial Network raised its holdings in shares of Amazon.com by 1.7% during the third quarter. RDA Financial Network now owns 32,125 shares of the e-commerce giant’s stock worth $4,084,000 after acquiring an additional 526 shares during the period. Yoder Wealth Management Inc. lifted its position in Amazon.com by 6.4% in the 3rd quarter. Yoder Wealth Management Inc. now owns 7,014 shares of the e-commerce giant’s stock valued at $892,000 after acquiring an additional 423 shares in the last quarter. Finally, BlueSky Wealth Advisors LLC boosted its stake in Amazon.com by 6.1% in the 3rd quarter. BlueSky Wealth Advisors LLC now owns 1,728 shares of the e-commerce giant’s stock worth $220,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.8 %

AMZN stock opened at $186.21 on Friday. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77. The company has a market capitalization of $1.94 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. The company’s 50-day simple moving average is $179.02 and its 200 day simple moving average is $160.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period last year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.55 earnings per share for the current year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares in the company, valued at $91,832,153.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. In the last three months, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on AMZN shares. Maxim Group dropped their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday. Mizuho boosted their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup lifted their price objective on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI increased their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $211.07.

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.