USAdvisors Wealth Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,565 shares of the e-commerce giant’s stock after selling 336 shares during the period. USAdvisors Wealth Management LLC’s holdings in Amazon.com were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the business. Western Wealth Management LLC grew its holdings in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com in the 4th quarter worth $749,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Amazon.com in the 1st quarter worth $514,000. Bearing Point Capital LLC bought a new stake in Amazon.com in the fourth quarter valued at about $12,014,000. Finally, Evergreen Capital Management LLC increased its holdings in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Trading Up 3.1%
AMZN opened at $228.84 on Friday. The stock has a market capitalization of $2.44 trillion, a P/E ratio of 34.88, a P/E/G ratio of 1.54 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm’s fifty day simple moving average is $222.63 and its 200 day simple moving average is $208.07.
Insider Buying and Selling
In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com 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 sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,784 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the sale, the chief executive officer directly owned 510,255 shares in the company, valued at approximately $118,542,441.60. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,012,284 shares of company stock worth $5,656,976,492. 9.70% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
AMZN has been the topic of a number of recent analyst reports. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price on the stock in a report on Friday, June 27th. Barclays increased their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. HSBC boosted their price objective on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Susquehanna increased their target price on shares of Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Finally, Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $262.87.
View Our Latest Stock Report on Amazon.com
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.
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