4J Wealth Management LLC Sells 221 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

4J Wealth Management LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,504 shares of the e-commerce giant’s stock after selling 221 shares during the quarter. Amazon.com makes up 0.9% of 4J Wealth Management LLC’s portfolio, making the stock its 25th largest position. 4J Wealth Management LLC’s holdings in Amazon.com were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC raised its holdings in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp raised its holdings in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC raised its holdings in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Truist Financial reduced their price target on shares of Amazon.com from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, October 28th. JMP Securities cut their price objective on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. New Street Research initiated coverage on shares of Amazon.com in a research report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price objective on the stock. Needham & Company LLC cut their price objective on shares of Amazon.com from $175.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Finally, The Goldman Sachs Group cut their price objective on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $145.56.

Amazon.com Stock Performance

AMZN opened at $96.32 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The firm has a fifty day moving average price of $90.65 and a 200 day moving average price of $109.96. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The stock has a market cap of $982.62 billion, a P/E ratio of 88.41, a P/E/G ratio of 3.06 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,259,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 8,380 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $787,720.00. Following the transaction, the senior vice president now owns 76,980 shares of the company’s stock, valued at $7,236,120. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,428 shares of company stock worth $5,077,578. Company insiders own 12.70% of the company’s stock.

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.

Further Reading

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

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