SeaCrest Wealth Management LLC Sells 7,177 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

SeaCrest Wealth Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,357 shares of the e-commerce giant’s stock after selling 7,177 shares during the period. Amazon.com accounts for 1.9% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. SeaCrest Wealth Management LLC’s holdings in Amazon.com were worth $12,583,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Amazon.com by 1.8% during the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares during the last quarter. State Street Corp lifted its stake in shares of Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC lifted its stake in shares of Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Amazon.com by 1,867.0% in the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after purchasing an additional 90,167,792 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley upped their price target on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Erste Group Bank lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Piper Sandler upped their price target on Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Robert W. Baird increased their target price on Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Finally, Rosenblatt Securities increased their target price on Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $144.87.

Insider Activity

In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. 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 Amazon.com stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock valued at $6,994,626 over the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $94.88 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The stock has a fifty day moving average of $96.20 and a two-hundred day moving average of $101.99. The company has a market capitalization of $972.26 billion, a price-to-earnings ratio of -351.41, a PEG ratio of 3.74 and a beta of 1.25. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

About Amazon.com

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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 segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.