Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Decreased by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 143,764 shares of the e-commerce giant’s stock after selling 575 shares during the period. Amazon.com comprises about 0.9% of TD Private Client Wealth LLC’s investment portfolio, making the stock its 26th biggest holding. TD Private Client Wealth LLC’s holdings in Amazon.com were worth $31,540,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMZN. One Charles Private Wealth Services LLC boosted its holdings in Amazon.com by 9.5% in the fourth quarter. One Charles Private Wealth Services LLC now owns 12,085 shares of the e-commerce giant’s stock worth $2,651,000 after purchasing an additional 1,048 shares during the period. Gutierrez Wealth Advisory LLC bought a new position in shares of Amazon.com in the 4th quarter worth about $244,000. Vickerman Investment Advisors Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $246,000. Loudon Investment Management LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at about $215,000. Finally, Truepoint Inc. raised its stake in Amazon.com by 5.0% during the fourth quarter. Truepoint Inc. now owns 7,291 shares of the e-commerce giant’s stock worth $1,600,000 after acquiring an additional 350 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,798 shares of company stock valued at $23,341,803. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. Royal Bank of Canada lifted their target price on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Barclays increased their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. The Goldman Sachs Group reduced their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.96.

Amazon.com Trading Up 3.5 %

Shares of NASDAQ AMZN opened at $173.18 on Wednesday. The business has a fifty day simple moving average of $196.07 and a 200-day simple moving average of $207.85. The company has a market cap of $1.84 trillion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.