Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,017 shares of the e-commerce giant’s stock after selling 173 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Amazon.com were worth $2,282,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Beam Wealth Advisors Inc. increased its stake in shares of Amazon.com by 3.8% during the fourth quarter. Beam Wealth Advisors Inc. now owns 4,504 shares of the e-commerce giant’s stock worth $684,000 after acquiring an additional 164 shares during the period. KLCM Advisors Inc. boosted its holdings in Amazon.com by 34.9% in the 4th quarter. KLCM Advisors Inc. now owns 11,988 shares of the e-commerce giant’s stock valued at $1,821,000 after purchasing an additional 3,101 shares in the last quarter. Rakuten Securities Inc. acquired a new position in Amazon.com during the 4th quarter worth approximately $1,074,000. Elite Wealth Management Inc. raised its stake in shares of Amazon.com by 1.6% during the 4th quarter. Elite Wealth Management Inc. now owns 218,078 shares of the e-commerce giant’s stock worth $33,135,000 after buying an additional 3,476 shares in the last quarter. Finally, Quantum Private Wealth LLC lifted its holdings in shares of Amazon.com by 0.9% in the 4th quarter. Quantum Private Wealth LLC now owns 129,767 shares of the e-commerce giant’s stock valued at $19,717,000 after buying an additional 1,099 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Robert W. Baird raised their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Loop Capital upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Stifel Nicolaus lifted their price target on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $211.62.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the 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 owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The disclosure for this sale can be found here. Insiders have sold a total of 26,197,961 shares of company stock worth $4,482,244,357 in the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $188.76 on Wednesday. Amazon.com, Inc. has a 1 year low of $104.70 and a 1 year high of $189.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a 50 day moving average price of $179.60 and a 200 day moving average price of $161.63. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 4.67 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.