Gen Wealth Partners Inc Sells 95 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Gen Wealth Partners Inc reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,480 shares of the e-commerce giant’s stock after selling 95 shares during the quarter. Amazon.com makes up 0.9% of Gen Wealth Partners Inc’s portfolio, making the stock its 17th largest holding. Gen Wealth Partners Inc’s holdings in Amazon.com were worth $2,080,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter valued at $27,266,582,000. Capital World Investors boosted its stake in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of 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 in the last quarter. Finally, Capital International Investors boosted its stake in shares of Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMZN. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Mizuho reduced their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Maxim Group boosted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Citigroup restated an “outperform” rating on shares of Amazon.com in a research note on Friday, May 2nd. Finally, DA Davidson reduced their target price on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Amazon.com Trading Down 1.0%

NASDAQ:AMZN opened at $200.99 on Tuesday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve 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. The business has a 50 day moving average price of $190.16 and a two-hundred day moving average price of $208.75. The company has a market cap of $2.13 trillion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

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

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the sale, the senior vice president now owns 47,030 shares of the company’s stock, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock valued at $20,018,625 in the last quarter. 9.70% of the stock is currently owned by insiders.

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.