Capital A Wealth Management LLC Has $203,000 Stock Holdings in Amazon.com, Inc. $AMZN

Capital A Wealth Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 86.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 927 shares of the e-commerce giant’s stock after selling 6,148 shares during the quarter. Amazon.com makes up 2.1% of Capital A Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Capital A Wealth Management LLC’s holdings in Amazon.com were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. TradeWell Securities LLC. lifted its holdings in Amazon.com by 7.0% during the 2nd quarter. TradeWell Securities LLC. now owns 30,297 shares of the e-commerce giant’s stock worth $6,647,000 after buying an additional 1,969 shares during the period. Momentum Wealth Planning LLC bought a new position in shares of Amazon.com during the second quarter worth about $2,844,000. Dakota Community Bank & Trust NA lifted its stake in shares of Amazon.com by 10.7% in the second quarter. Dakota Community Bank & Trust NA now owns 2,781 shares of the e-commerce giant’s stock worth $610,000 after acquiring an additional 269 shares during the period. GatePass Capital LLC boosted its holdings in Amazon.com by 11.2% in the second quarter. GatePass Capital LLC now owns 5,464 shares of the e-commerce giant’s stock valued at $1,199,000 after acquiring an additional 549 shares during the last quarter. Finally, Caldwell Trust Co acquired a new stake in Amazon.com during the 2nd quarter valued at approximately $29,363,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN stock opened at $222.56 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The company’s 50-day moving average is $229.40 and its 200-day moving average is $225.26. The stock has a market capitalization of $2.38 trillion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the sale, the director directly owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. The trade was a 11.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 82,234 shares of company stock valued at $19,076,767. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMZN. DA Davidson boosted their price target on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Piper Sandler restated an “overweight” rating on shares of Amazon.com in a report on Wednesday, December 3rd. Benchmark upped their price target on shares of Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. reiterated a “buy” rating and set a $305.00 price target on shares of Amazon.com in a report on Friday, December 12th. Finally, Oppenheimer reissued an “outperform” rating and issued a $305.00 price objective (up from $290.00) on shares of Amazon.com in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $295.50.

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.