Valued Wealth Advisors LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,490 shares of the e-commerce giant’s stock after selling 181 shares during the quarter. Valued Wealth Advisors LLC’s holdings in Amazon.com were worth $283,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Northern Capital Management Inc. lifted its position in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares during the period. Balanced Wealth Group LLC lifted its position in Amazon.com by 1.6% during the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock worth $705,000 after purchasing an additional 48 shares during the period. ETF Store Inc. lifted its position in Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock worth $522,000 after purchasing an additional 48 shares during the period. Talisman Wealth Advisors LLC lifted its position in Amazon.com by 1.2% during the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock worth $1,020,000 after purchasing an additional 53 shares during the period. Finally, SWAN Capital LLC lifted its position in Amazon.com by 3.1% during the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock worth $396,000 after purchasing an additional 55 shares during the period. Institutional investors own 72.20% of the company’s stock.
Amazon.com Price Performance
Amazon.com stock opened at $222.69 on Friday. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock’s 50 day moving average price is $219.65 and its two-hundred day moving average price is $208.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.
Insider Activity
In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 25,102,037 shares of company stock valued at $5,674,937,048. 9.70% of the stock is owned by company insiders.
Analyst Ratings Changes
AMZN has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Scotiabank boosted their target price on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Amazon.com in a research note on Monday, July 28th. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus target price of $262.45.
Check Out Our Latest Report on AMZN
Amazon.com Company 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.
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