Fullcircle Wealth LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Fullcircle Wealth LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 17.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,905 shares of the e-commerce giant’s stock after selling 1,504 shares during the period. Fullcircle Wealth LLC’s holdings in Amazon.com were worth $1,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. FWL Investment Management LLC boosted its holdings in shares of Amazon.com by 48.7% in the fourth quarter. FWL Investment Management LLC now owns 29,579 shares of the e-commerce giant’s stock valued at $6,489,000 after purchasing an additional 9,687 shares during the period. Circle Wealth Management LLC raised its position in Amazon.com by 0.3% during the 4th quarter. Circle Wealth Management LLC now owns 288,366 shares of the e-commerce giant’s stock valued at $63,265,000 after purchasing an additional 804 shares in the last quarter. Clark Capital Management Group Inc. lifted its holdings in shares of Amazon.com by 27.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 634,276 shares of the e-commerce giant’s stock worth $139,154,000 after buying an additional 137,492 shares during the period. Coastal Bridge Advisors LLC grew its position in shares of Amazon.com by 13.3% during the 4th quarter. Coastal Bridge Advisors LLC now owns 24,986 shares of the e-commerce giant’s stock worth $5,482,000 after buying an additional 2,928 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of Amazon.com by 2.9% during the 4th quarter. Driehaus Capital Management LLC now owns 9,943 shares of the e-commerce giant’s stock worth $2,181,000 after buying an additional 277 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer now owns 2,148,694 shares of the company’s stock, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the sale, the senior vice president now owns 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 in the last quarter. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMZN shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Wedbush reaffirmed an “outperform” rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Piper Sandler restated an “overweight” rating and issued a $212.00 target price (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $244.09.

Amazon.com Stock Performance

Amazon.com stock opened at $200.99 on Monday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.13 trillion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm’s 50 day simple moving average is $190.05 and its 200 day simple moving average is $208.80.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.