New Insight Wealth Advisors Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

New Insight Wealth Advisors trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,652 shares of the e-commerce giant’s stock after selling 542 shares during the period. Amazon.com makes up 3.1% of New Insight Wealth Advisors’ portfolio, making the stock its 10th biggest holding. New Insight Wealth Advisors’ holdings in Amazon.com were worth $6,286,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Isthmus Partners LLC acquired a new stake in Amazon.com in the 4th quarter valued at approximately $533,000. Rebalance LLC grew its stake in shares of Amazon.com by 38.9% in the fourth quarter. Rebalance LLC now owns 1,792 shares of the e-commerce giant’s stock worth $393,000 after acquiring an additional 502 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Amazon.com by 3.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,812,458 shares of the e-commerce giant’s stock worth $1,275,195,000 after acquiring an additional 184,902 shares during the period. Fairscale Capital LLC increased its position in Amazon.com by 1.2% during the fourth quarter. Fairscale Capital LLC now owns 10,122 shares of the e-commerce giant’s stock worth $2,221,000 after acquiring an additional 120 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in Amazon.com by 4.7% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 19,551 shares of the e-commerce giant’s stock valued at $4,289,000 after purchasing an additional 875 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $181.22 on Friday. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 32.77, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business has a 50-day moving average price of $205.37 and a two-hundred day moving average price of $208.47.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMZN shares. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. DA Davidson boosted their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their price objective on Amazon.com from $270.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday. Wedbush restated an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Wolfe Research raised their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Two research analysts have 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, the company has a consensus rating of “Moderate Buy” and an average target price of $258.19.

Amazon.com Company Profile

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.