NewSquare Capital LLC Sells 3,281 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

NewSquare Capital LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 90.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 340 shares of the e-commerce giant’s stock after selling 3,281 shares during the quarter. NewSquare Capital LLC’s holdings in Amazon.com were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Socha Financial Group LLC grew its holdings in shares of Amazon.com by 3.3% during the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares during the last quarter. Lake Hills Wealth Management LLC lifted its position 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 worth $1,213,000 after buying an additional 65 shares in the last quarter. Veery Capital LLC grew its holdings in Amazon.com by 1.1% during the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after acquiring an additional 66 shares during the last quarter. Bellwether Advisors LLC increased its position in Amazon.com by 2.3% in the 4th quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after acquiring an additional 66 shares in the last quarter. Finally, StrategIQ Financial Group LLC raised 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 acquiring an additional 66 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMZN shares. Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Loop Capital boosted their target price on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Susquehanna raised their price target on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Finally, Argus raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One 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 company currently has an average rating of “Buy” and an average price target of $211.62.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $169.17, for a total value of $1,014,825,285.33. Following the completion of the sale, the insider now directly owns 940,261,025 shares of the company’s stock, valued at $159,063,957,599.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’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 transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $169.17, for a total value of $1,014,825,285.33. Following the sale, the insider now owns 940,261,025 shares of the company’s stock, valued at approximately $159,063,957,599.25. The disclosure for this sale can be found here. Insiders have sold a total of 8,181,245 shares of company stock valued at $1,380,028,066 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Up 0.3 %

NASDAQ AMZN opened at $187.07 on Wednesday. The company has a market cap of $1.95 trillion, a PE ratio of 52.40, a PEG ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $109.25 and a 12 month high of $191.70. The stock has a 50 day moving average of $180.52 and a 200-day moving average of $163.43. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating 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 net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Amazon.com Profile

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.