4J Wealth Management LLC Sells 380 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

4J Wealth Management LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,348 shares of the e-commerce giant’s stock after selling 380 shares during the period. Amazon.com accounts for about 1.9% of 4J Wealth Management LLC’s holdings, making the stock its 14th biggest position. 4J Wealth Management LLC’s holdings in Amazon.com were worth $2,028,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AMZN. State Street Corp raised its position in 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 worth $34,701,726,000 after acquiring an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC raised its position in 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 worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC raised its position in 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 worth $9,784,345,000 after acquiring an additional 116,383,502 shares during the period. Finally, Norges Bank bought a new stake in Amazon.com in the fourth quarter worth about $8,263,591,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $183.62 on Tuesday. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 63.32, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17. The company has a fifty day moving average of $176.60 and a 200-day moving average of $155.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the business posted $0.21 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,874,846 in the last three months. 12.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Oppenheimer boosted their price target on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Truist Financial reissued a “buy” rating and issued a $195.00 price target on shares of Amazon.com in a research report on Friday, March 22nd. Roth Mkm boosted their price target on shares of Amazon.com from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Canaccord Genuity Group boosted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average price target of $201.43.

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.