Marietta Wealth Management LLC Sells 1,421 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Marietta Wealth Management LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 73,688 shares of the e-commerce giant’s stock after selling 1,421 shares during the quarter. Amazon.com accounts for about 2.0% of Marietta Wealth Management LLC’s portfolio, making the stock its 12th largest holding. Marietta Wealth Management LLC’s holdings in Amazon.com were worth $11,196,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Suncoast Equity Management boosted its stake in shares of Amazon.com by 20.7% in the 4th quarter. Suncoast Equity Management now owns 2,935 shares of the e-commerce giant’s stock valued at $446,000 after purchasing an additional 503 shares during the last quarter. Guerra Pan Advisors LLC boosted its stake in shares of Amazon.com by 9.6% in the 4th quarter. Guerra Pan Advisors LLC now owns 6,020 shares of the e-commerce giant’s stock valued at $915,000 after purchasing an additional 525 shares during the last quarter. DGS Capital Management LLC boosted its stake in shares of Amazon.com by 12.7% in the 4th quarter. DGS Capital Management LLC now owns 16,415 shares of the e-commerce giant’s stock valued at $2,494,000 after purchasing an additional 1,845 shares during the last quarter. Prosperitas Financial LLC boosted its stake in shares of Amazon.com by 7.9% in the 4th quarter. Prosperitas Financial LLC now owns 33,733 shares of the e-commerce giant’s stock valued at $5,125,000 after purchasing an additional 2,482 shares during the last quarter. Finally, SVB Wealth LLC boosted its stake in shares of Amazon.com by 0.6% in the 4th quarter. SVB Wealth LLC now owns 430,064 shares of the e-commerce giant’s stock valued at $65,344,000 after purchasing an additional 2,529 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was 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 of the company’s stock, valued at $91,832,153.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at $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 valued at $5,506,442,301. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.8 %

NASDAQ AMZN opened at $186.21 on Monday. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77. The firm has a 50 day moving average of $179.02 and a two-hundred day moving average of $160.75. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.94 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. Bank of America upped their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. BMO Capital Markets boosted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. JMP Securities reiterated a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Raymond James boosted their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 1st. One 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’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus price target 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.