Eads & Heald Wealth Management Has $3.13 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Eads & Heald Wealth Management cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,614 shares of the e-commerce giant’s stock after selling 402 shares during the quarter. Amazon.com makes up approximately 1.5% of Eads & Heald Wealth Management’s holdings, making the stock its 4th largest holding. Eads & Heald Wealth Management’s holdings in Amazon.com were worth $3,132,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after acquiring an additional 23,717,254 shares during the period. FMR LLC boosted its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Jennison Associates LLC boosted its holdings in Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in Amazon.com during the 3rd quarter valued at $610,138,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMZN. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird lifted their price objective on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays increased their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday. Roth Mkm restated a “buy” rating and set a $210.00 price target (up from $205.00) on shares of Amazon.com in a research report on Wednesday. Finally, BMO Capital Markets upped their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $211.07.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 12,133 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the completion of the sale, the director now owns 115,220 shares of the company’s stock, valued at $19,702,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $186.21 on Friday. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $103.31 and a 1-year high of $189.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. The business’s fifty day moving average price is $179.02 and its 200-day moving average price is $160.32.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 4.55 earnings per share 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.