NewSquare Capital LLC Lowers Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

NewSquare Capital LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 77.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 380 shares of the e-commerce giant’s stock after selling 1,328 shares during the quarter. NewSquare Capital LLC’s holdings in Amazon.com were worth $43,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Fiduciary Planning LLC boosted its holdings in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC boosted its holdings in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after acquiring an additional 5 shares during the period. Meridian Investment Counsel Inc. boosted its holdings in Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the period. Alterna Wealth Management Inc. lifted its holdings in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the period. Finally, Archetype Wealth Partners lifted its holdings in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the period. Institutional investors own 57.64% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the transaction, the chief executive officer now owns 533,435 shares of the company’s stock, valued at $50,142,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $700,864.00. Following the completion of the transaction, the chief executive officer now owns 533,435 shares of the company’s stock, valued at $50,142,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock valued at $5,077,578 over the last quarter. 12.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $95.46 on Thursday. The company has a market capitalization of $973.85 billion, a P/E ratio of 87.62, a P/E/G ratio of 3.09 and a beta of 1.22. The business’s 50 day moving average is $90.67 and its two-hundred day moving average is $110.59. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same period in the previous year, the company earned $0.31 EPS. Amazon.com’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMZN. Robert W. Baird lowered their target price on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Mizuho lowered their target price on Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a report on Friday, October 28th. The Goldman Sachs Group lowered their target price on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a report on Friday, January 13th. Citigroup lowered their target price on Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a report on Friday, October 28th. Finally, Cowen reduced their price target on Amazon.com from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.87.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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

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