Heritage Wealth Advisors Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Heritage Wealth Advisors trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,258 shares of the e-commerce giant’s stock after selling 2,181 shares during the period. Heritage Wealth Advisors’ holdings in Amazon.com were worth $4,445,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in Amazon.com in the 4th quarter worth $43,000. Bruce G. Allen Investments LLC bought a new stake in Amazon.com in the fourth quarter worth $57,000. Authentikos Wealth Advisory LLC purchased a new stake in Amazon.com during the third quarter valued at about $49,000. Finally, Advantage Trust Co bought a new position in shares of Amazon.com during the fourth quarter valued at about $68,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now directly owns 523,253 shares in the company, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Insiders have sold 65,838 shares of company stock valued at $11,984,344 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $184.30 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70. The stock has a 50-day moving average of $182.53 and a 200 day moving average of $168.66. 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 company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.62, a PEG ratio of 1.30 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. On average, sell-side 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 several analyst reports. Benchmark restated a “buy” rating and set a $200.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. The Goldman Sachs Group raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley upped their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Wells Fargo & Company raised their price target on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Raymond James upped their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $213.82.

View Our Latest Analysis on Amazon.com

Amazon.com Company 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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