MorganRosel Wealth Management LLC Sells 287 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

MorganRosel Wealth Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,810 shares of the e-commerce giant’s stock after selling 287 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Amazon.com were worth $397,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. AMF Tjanstepension AB grew its position in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after buying an additional 811,425 shares in the last quarter. Swedbank AB lifted its position in shares of Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after acquiring an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC bought a new stake in shares of Amazon.com in the 3rd quarter worth approximately $279,000. Howard Capital Management Group LLC grew its holdings in shares of Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock worth $66,434,000 after purchasing an additional 897 shares in the last quarter. Finally, Meridian Management Co. increased its position in shares of Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after purchasing an additional 7,246 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Benchmark raised their target price on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Morgan Stanley raised their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Sanford C. Bernstein upped their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Oppenheimer increased their price target on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Robert W. Baird lifted their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.65.

Insider Activity

In other news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $201.36 on Friday. The firm has a 50 day simple moving average of $217.53 and a two-hundred day simple moving average of $208.75. The stock has a market cap of $2.13 trillion, a PE ratio of 36.41, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

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.