Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Paulson Wealth Management Inc.

Paulson Wealth Management Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,049 shares of the e-commerce giant’s stock after selling 400 shares during the quarter. Paulson Wealth Management Inc.’s holdings in Amazon.com were worth $615,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. raised its stake in Amazon.com by 45.0% during the fourth 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 period. Strid Group LLC acquired a new stake in Amazon.com during the fourth quarter worth about $43,000. Harbor Investment Advisory LLC raised its stake in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com during the third quarter worth about $49,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in Amazon.com during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMZN shares. DA Davidson restated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Monness Crespi & Hardt raised 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. Truist Financial raised their price target on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Oppenheimer raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Mizuho raised their price target on shares of 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-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $213.82.

View Our Latest Stock Analysis on AMZN

Amazon.com Stock Up 1.5 %

Shares of NASDAQ:AMZN opened at $187.06 on Tuesday. 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 cap of $1.95 trillion, a PE ratio of 52.40, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $191.70. The firm has a 50 day simple moving average of $182.66 and a 200 day simple moving average of $169.27.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm earned $0.31 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the 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 completion of the sale, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the 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 completion of the sale, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The disclosure for this sale can be found here. Insiders sold a total of 65,838 shares of company stock worth $11,984,344 in the last quarter. 10.80% of the stock is currently owned by corporate 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.

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

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