LWM Advisory Services LLC Sells 91 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

LWM Advisory Services LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 0.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 16,252 shares of the e-commerce giant’s stock after selling 91 shares during the period. Amazon.com makes up about 2.2% of LWM Advisory Services LLC’s holdings, making the stock its 11th largest position. LWM Advisory Services LLC’s holdings in Amazon.com were worth $2,069,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amazon.com by 1,838.8% in the second 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 in the last quarter. FMR LLC lifted its holdings in shares of Amazon.com by 1,792.4% in the second 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 in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Amazon.com by 120,235.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after purchasing an additional 116,383,502 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $8,263,591,000. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total value of $3,128,961.78. Following the transaction, the chief executive officer now directly owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,829 shares of company stock valued at $8,885,713. Insiders own 12.30% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $169.84 on Friday. The stock has a 50-day moving average price of $153.87 and a 200-day moving average price of $141.79. Amazon.com, Inc. has a 12-month low of $88.12 and a 12-month high of $172.50. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.76 trillion, a P/E ratio of 58.57, a PEG ratio of 1.49 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the company posted $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 4.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMZN shares. Wedbush raised their target price on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. JMP Securities lifted their price target on Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Tigress Financial lifted their price target on Amazon.com from $204.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, BMO Capital Markets initiated coverage on Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target on the stock. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $197.95.

Check Out Our Latest Research Report on AMZN

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

Further Reading

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

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