1900 Wealth Management LLC Sells 101 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

1900 Wealth Management LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,881 shares of the e-commerce giant’s stock after selling 101 shares during the period. 1900 Wealth Management LLC’s holdings in Amazon.com were worth $3,947,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stockman Wealth Management Inc. increased its position in Amazon.com by 2.8% during the third quarter. Stockman Wealth Management Inc. now owns 89,394 shares of the e-commerce giant’s stock valued at $16,657,000 after acquiring an additional 2,454 shares during the last quarter. River Global Investors LLP lifted its stake in Amazon.com by 3.0% in the third quarter. River Global Investors LLP now owns 86,395 shares of the e-commerce giant’s stock worth $16,097,000 after purchasing an additional 2,491 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Amazon.com by 1.6% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 35,566 shares of the e-commerce giant’s stock valued at $6,627,000 after buying an additional 568 shares during the period. Maiden Cove Capital LLC bought a new position in shares of Amazon.com during the third quarter valued at approximately $781,000. Finally, Tyler Stone Wealth Management raised its holdings in shares of Amazon.com by 130.7% in the third quarter. Tyler Stone Wealth Management now owns 42,819 shares of the e-commerce giant’s stock worth $7,978,000 after buying an additional 24,256 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Scotiabank upped their target price on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a report on Friday, November 1st. Rosenblatt Securities lifted their price target on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Truist Financial upped their price objective on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group lifted their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Amazon.com Stock Performance

NASDAQ AMZN opened at $224.92 on Friday. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 48.16, a PEG ratio of 1.54 and a beta of 1.16. The stock has a 50-day simple moving average of $205.83 and a two-hundred day simple moving average of $191.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the company earned $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

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.