Gilliland Jeter Wealth Management LLC Sells 732 Shares of Amazon.com, Inc. $AMZN

Gilliland Jeter Wealth Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,100 shares of the e-commerce giant’s stock after selling 732 shares during the period. Amazon.com makes up approximately 3.2% of Gilliland Jeter Wealth Management LLC’s investment portfolio, making the stock its 6th largest position. Gilliland Jeter Wealth Management LLC’s holdings in Amazon.com were worth $9,894,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AMZN. Brighton Jones LLC boosted its stake in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares in 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 period. Bank Pictet & Cie Europe AG lifted its stake in shares of Amazon.com by 2.8% in the fourth 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 during the period. Highview Capital Management LLC DE lifted its position in shares of Amazon.com by 5.5% in 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 purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new position in Amazon.com in the fourth quarter valued at $2,153,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This represents a 2.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,911 shares of company stock valued at $21,765,202 in the last quarter. 9.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. Cantor Fitzgerald boosted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Cowen reissued a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Royal Bank Of Canada increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Mizuho set a $300.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a report on Monday, September 29th. Finally, Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $268.54.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $230.30 on Thursday. The company has a fifty day moving average of $225.17 and a 200-day moving average of $215.34. 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 52-week low of $161.38 and a 52-week high of $242.52. The stock has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28.

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

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.