Stockman Wealth Management Inc. Sells 1,801 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Stockman Wealth Management Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 94,419 shares of the e-commerce giant’s stock after selling 1,801 shares during the quarter. Amazon.com comprises about 2.9% of Stockman Wealth Management Inc.’s portfolio, making the stock its 6th biggest holding. Stockman Wealth Management Inc.’s holdings in Amazon.com were worth $14,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PayPay Securities Corp increased its holdings in shares of 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 purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in Amazon.com by 45.0% in 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 buying an additional 86 shares during the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $43,000. Harbor Investment Advisory LLC raised its position in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of Amazon.com during the third quarter valued at $49,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com 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 completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 14,180,094 shares of company stock worth $2,399,652,430 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMZN. Telsey Advisory Group boosted their price objective on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Evercore ISI boosted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Loop Capital lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Argus increased their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $211.62.

View Our Latest Report on Amazon.com

Amazon.com Trading Down 0.5 %

Shares of NASDAQ:AMZN opened at $186.57 on Tuesday. The company’s 50-day moving average price is $180.34 and its two-hundred day moving average price is $162.95. Amazon.com, Inc. has a one year low of $109.25 and a one year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of $1.94 trillion, a PE ratio of 52.26, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates 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 was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Amazon.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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