AllSquare Wealth Management LLC Acquires 150 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

AllSquare Wealth Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,685 shares of the e-commerce giant’s stock after acquiring an additional 150 shares during the quarter. Amazon.com makes up about 1.0% of AllSquare Wealth Management LLC’s portfolio, making the stock its 20th biggest holding. AllSquare Wealth Management LLC’s holdings in Amazon.com were worth $1,686,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMZN. State Street Corp boosted its stake in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Amazon.com by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock valued at $14,719,407,000 after acquiring an additional 545,292 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Amazon.com by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant’s stock valued at $13,084,026,000 after acquiring an additional 2,330,113 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Amazon.com by 3.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock worth $10,776,201,000 after acquiring an additional 1,984,592 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Morgan Stanley reduced their price target on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Truist Financial dropped their price objective on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Citizens Jmp reduced their target price on Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Finally, Mizuho dropped their price target on Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $249.90.

Amazon.com Price Performance

Amazon.com stock opened at $167.32 on Tuesday. The stock’s 50 day moving average price is $197.21 and its two-hundred day moving average price is $208.09. The stock has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

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, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.