NBC Securities Inc. Sells 411 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

NBC Securities Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,585 shares of the e-commerce giant’s stock after selling 411 shares during the period. Amazon.com makes up about 1.0% of NBC Securities Inc.’s holdings, making the stock its 7th biggest position. NBC Securities Inc.’s holdings in Amazon.com were worth $9,813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ShoreHaven Wealth Partners LLC lifted its position in shares of Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its position in shares of Amazon.com by 2.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares in the last quarter. Socha Financial Group LLC lifted its position 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 in the last quarter. Lake Hills Wealth Management LLC lifted its position in shares of Amazon.com by 0.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after purchasing an additional 65 shares in the last quarter. Finally, Veery Capital LLC lifted its position in shares of Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Stifel Nicolaus increased their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Oppenheimer increased their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, BMO Capital Markets increased their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $212.40.

View Our Latest Research Report on Amazon.com

Amazon.com Stock Down 1.6 %

Shares of AMZN stock opened at $176.44 on Friday. 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, Inc. has a 1 year low of $118.35 and a 1 year high of $191.70. The firm’s fifty day moving average price is $182.34 and its two-hundred day moving average price is $167.52. The firm has a market capitalization of $1.84 trillion, a P/E ratio of 49.42, a PEG ratio of 1.28 and a beta of 1.15.

Amazon.com (NASDAQ:AMZNGet Free Report) 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. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 50,000 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 value of $9,000,000.00. Following the completion of the transaction, the chief executive officer now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The disclosure for this sale can be found here. Insiders sold a total of 117,894 shares of company stock valued at $21,363,909 in the last quarter. 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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