Endowment Wealth Management Inc. Has $257,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Endowment Wealth Management Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,695 shares of the e-commerce giant’s stock after selling 113 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Amazon.com were worth $257,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Accredited Investors Inc. increased its stake in shares of Amazon.com by 0.6% in the fourth quarter. Accredited Investors Inc. now owns 53,202 shares of the e-commerce giant’s stock valued at $8,084,000 after buying an additional 310 shares during the period. St. Johns Investment Management Company LLC boosted its holdings in Amazon.com by 4.5% in the fourth quarter. St. Johns Investment Management Company LLC now owns 23,369 shares of the e-commerce giant’s stock valued at $3,551,000 after acquiring an additional 1,012 shares during the last quarter. Calton & Associates Inc. increased its position in Amazon.com by 20.2% during the 4th quarter. Calton & Associates Inc. now owns 14,136 shares of the e-commerce giant’s stock valued at $2,148,000 after purchasing an additional 2,374 shares during the period. Watershed Private Wealth LLC raised its holdings in Amazon.com by 3.3% during the 4th quarter. Watershed Private Wealth LLC now owns 14,293 shares of the e-commerce giant’s stock worth $2,172,000 after purchasing an additional 456 shares during the last quarter. Finally, Lebenthal Global Advisors LLC lifted its position in shares of Amazon.com by 71.4% in the 4th quarter. Lebenthal Global Advisors LLC now owns 9,917 shares of the e-commerce giant’s stock worth $1,507,000 after purchasing an additional 4,130 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 1.6 %

Shares of AMZN stock opened at $176.44 on Friday. The company has a market capitalization of $1.84 trillion, a PE ratio of 49.42, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $191.70. The business’s fifty day moving average is $182.34 and its 200 day moving average is $167.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results 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 business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on AMZN. Barclays increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Wells Fargo & Company lifted their price objective on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Tigress Financial boosted their price objective on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna raised their target price on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Finally, Mizuho boosted their price target on Amazon.com from $230.00 to $240.00 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $212.40.

View Our Latest Report on AMZN

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at $19,836,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares in the company, valued at $886,407.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The disclosure for this sale can be found here. Insiders have sold a total of 117,894 shares of company stock valued at $21,363,909 over the last 90 days. 10.80% of the stock is owned by insiders.

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.

Further Reading

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

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