Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Acima Private Wealth LLC

Acima Private Wealth LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,436 shares of the e-commerce giant’s stock after selling 100 shares during the quarter. Acima Private Wealth LLC’s holdings in Amazon.com were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. lifted its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the period. Strid Group LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth about $43,000. Harbor Investment Advisory LLC increased its position in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares in the last quarter. Clarity Asset Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at approximately $46,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Amazon.com during the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold 65,838 shares of company stock worth $11,984,344 in the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMZN shares. Tigress Financial raised their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Wedbush reiterated an “outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. Barclays upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Maxim Group cut their price objective on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 15th. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $213.82.

Get Our Latest Stock Report on AMZN

Amazon.com Stock Performance

Shares of AMZN stock traded down $0.17 during trading on Friday, reaching $183.66. The company had a trading volume of 25,456,410 shares, compared to its average volume of 31,943,300. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm’s 50 day simple moving average is $182.92 and its two-hundred day simple moving average is $170.19. The company has a market capitalization of $1.91 trillion, a PE ratio of 51.45, a PEG ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the previous year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

About Amazon.com

(Free Report)

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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