FMA Wealth Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 33.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the e-commerce giant’s stock after selling 500 shares during the quarter. FMA Wealth Management LLC’s holdings in Amazon.com were worth $219,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after acquiring an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE boosted its position in shares of Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at about $2,153,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Down 1.3%
Shares of Amazon.com stock opened at $219.51 on Monday. The company has a 50-day moving average of $226.55 and a two-hundred day moving average of $211.24. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.34 trillion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28.
Insiders Place Their Bets
In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,798,540 shares of company stock valued at $4,273,477,287. Company insiders own 10.80% of the company’s stock.
Analysts Set New Price Targets
AMZN has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a research note on Saturday, September 27th. Robert W. Baird upped their target price on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a research report on Wednesday, September 10th. Citizens Jmp assumed coverage on shares of Amazon.com in a research note on Thursday, July 10th. They set a “strong-buy” rating on the stock. Finally, Oppenheimer decreased their price objective on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $266.26.
Get Our Latest Stock Analysis on Amazon.com
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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