Wealth Quarterback LLC Sells 220 Shares of Amazon.com, Inc. $AMZN

Wealth Quarterback LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,077 shares of the e-commerce giant’s stock after selling 220 shares during the quarter. Amazon.com comprises 1.5% of Wealth Quarterback LLC’s portfolio, making the stock its 12th biggest holding. Wealth Quarterback LLC’s holdings in Amazon.com were worth $2,678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC lifted its position in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after buying an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at $749,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $514,000. Segall Bryant & Hamill LLC lifted its holdings in shares of Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC purchased a new position in shares of Amazon.com during the 4th quarter worth about $12,014,000. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,096,253 shares of company stock valued at $5,673,745,409. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. 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. Bank of America boosted their target price on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Telsey Advisory Group restated an “outperform” rating and set a $265.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Scotiabank raised their price target 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, Raymond James Financial reissued an “outperform” rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $262.87.

Amazon.com Stock Up 0.2%

NASDAQ AMZN opened at $231.49 on Tuesday. The stock has a market cap of $2.47 trillion, a PE ratio of 35.29, a PEG ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a 50-day simple moving average of $221.70 and a 200 day simple moving average of $208.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter last year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.