Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,449 shares of the e-commerce giant’s stock after selling 13,134 shares during the quarter. Amazon.com makes up approximately 0.8% of Congress Wealth Management LLC DE’s portfolio, making the stock its 20th largest holding. Congress Wealth Management LLC DE’s holdings in Amazon.com were worth $57,798,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Parnassus Investments LLC lifted its holdings in Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp boosted its stake in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. Finally, Geode Capital Management LLC grew 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. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Piper Sandler reissued an “overweight” rating and issued a $265.00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Scotiabank dropped their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Wedbush reissued an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $247.56.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $186.54 on Friday. The stock’s 50-day simple moving average is $194.27 and its 200-day simple moving average is $207.70. The firm has a market capitalization of $1.98 trillion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. 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 (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction dated 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 directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 over the last 90 days. Corporate 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.