Heritage Investors Management Corp Sells 494 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Heritage Investors Management Corp lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 330,169 shares of the e-commerce giant’s stock after selling 494 shares during the period. Amazon.com accounts for 1.9% of Heritage Investors Management Corp’s holdings, making the stock its 9th biggest holding. Heritage Investors Management Corp’s holdings in Amazon.com were worth $50,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. ShoreHaven Wealth Partners LLC boosted its stake in Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after acquiring an additional 60 shares during the last quarter. Measured Wealth Private Client Group LLC boosted its stake in Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after acquiring an additional 62 shares during the last quarter. Socha Financial Group LLC boosted its stake in Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock valued at $303,000 after acquiring an additional 63 shares during the last quarter. Lake Hills Wealth Management LLC boosted its stake in Amazon.com by 0.8% in the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after acquiring an additional 65 shares during the last quarter. Finally, Veery Capital LLC boosted its stake in Amazon.com by 1.1% in the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Jonathan Rubinstein sold 5,556 shares of Amazon.com stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the completion of the transaction, the director now directly owns 109,664 shares of the company’s stock, valued at approximately $19,739,520. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,894 shares of company stock valued at $21,363,909. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AMZN. JMP Securities reiterated a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Wedbush restated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research note on Wednesday, May 15th. Finally, Citigroup upped their price target on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average target price of $211.62.

View Our Latest Report on AMZN

Amazon.com Trading Down 0.1 %

NASDAQ:AMZN opened at $182.02 on Thursday. The company has a 50-day moving average price of $182.37 and a 200-day moving average price of $167.05. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.89 trillion, a price-to-earnings 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 posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period last year, the company posted $0.31 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.

About Amazon.com

(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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