WealthBridge Capital Management LLC Sells 221 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

WealthBridge Capital Management LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,830 shares of the e-commerce giant’s stock after selling 221 shares during the period. Amazon.com comprises about 2.7% of WealthBridge Capital Management LLC’s holdings, making the stock its 8th largest holding. WealthBridge Capital Management LLC’s holdings in Amazon.com were worth $9,671,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new position in Amazon.com in the 4th quarter valued at $27,266,582,000. GAMMA Investing LLC increased its position in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Capital World Investors grew its position in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after buying an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% during 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 acquiring an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 733,195 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total value of $166,449,928.90. Following the sale, the insider directly owned 894,546,706 shares in the company, valued at $203,079,993,196.12. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $229.19 on Tuesday. The stock has a market capitalization of $2.43 trillion, a PE ratio of 37.33, a P/E/G ratio of 1.69 and a beta of 1.33. The firm has a 50 day moving average of $213.50 and a two-hundred day moving average of $208.51. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Bank of America increased their price target on shares of Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. Truist Financial lifted their target price on shares of Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Oppenheimer lifted their price target on shares of Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, June 20th. Sanford C. Bernstein set a $235.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Tuesday, July 1st. Finally, Benchmark reissued a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.02.

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.