Bogart Wealth LLC Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bogart Wealth LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,913 shares of the e-commerce giant’s stock after selling 8,777 shares during the quarter. Amazon.com accounts for about 0.6% of Bogart Wealth LLC’s holdings, making the stock its 26th largest holding. Bogart Wealth LLC’s holdings in Amazon.com were worth $11,534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Tandem Capital Management Corp ADV boosted its holdings in Amazon.com by 65.4% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 3,990 shares of the e-commerce giant’s stock valued at $507,000 after acquiring an additional 1,577 shares during the period. Narus Financial Partners LLC raised its position in Amazon.com by 1.1% during the 3rd quarter. Narus Financial Partners LLC now owns 7,465 shares of the e-commerce giant’s stock valued at $949,000 after purchasing an additional 82 shares during the last quarter. Mcdonald Partners LLC raised its position in Amazon.com by 4.7% during the 3rd quarter. Mcdonald Partners LLC now owns 22,664 shares of the e-commerce giant’s stock valued at $2,881,000 after purchasing an additional 1,009 shares during the last quarter. Choate Investment Advisors raised its position in Amazon.com by 48.0% during the 3rd quarter. Choate Investment Advisors now owns 191,745 shares of the e-commerce giant’s stock valued at $24,375,000 after purchasing an additional 62,165 shares during the last quarter. Finally, Orca Investment Management LLC raised its position in Amazon.com by 16.2% during the 3rd quarter. Orca Investment Management LLC now owns 7,574 shares of the e-commerce giant’s stock valued at $963,000 after purchasing an additional 1,054 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $182.02 on Thursday. The stock has a 50-day simple moving average of $182.37 and a two-hundred day simple moving average of $167.05. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70. 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 market capitalization of $1.89 trillion, a PE ratio of 50.99, a P/E/G ratio of 1.29 and a beta of 1.15.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $142.65 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Mizuho upped their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upped their price target on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their target price on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus increased their target price on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average price target of $211.62.

Read Our Latest Stock Analysis on Amazon.com

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the transaction, the chief executive officer now owns 1,994,182 shares in the company, valued at $358,952,760. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,894 shares of company stock valued at $21,363,909. Company insiders own 10.80% of the company’s stock.

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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