Alpha Omega Wealth Management LLC Sells 173 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Alpha Omega Wealth Management LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,017 shares of the e-commerce giant’s stock after selling 173 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Amazon.com were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Beam Wealth Advisors Inc. increased its holdings in shares of Amazon.com by 3.8% during the fourth quarter. Beam Wealth Advisors Inc. now owns 4,504 shares of the e-commerce giant’s stock valued at $684,000 after acquiring an additional 164 shares in the last quarter. KLCM Advisors Inc. raised its holdings in Amazon.com by 34.9% in the fourth quarter. KLCM Advisors Inc. now owns 11,988 shares of the e-commerce giant’s stock worth $1,821,000 after buying an additional 3,101 shares during the last quarter. Rakuten Securities Inc. bought a new position in shares of Amazon.com in the fourth quarter worth approximately $1,074,000. Elite Wealth Management Inc. grew its holdings in shares of Amazon.com by 1.6% during the fourth quarter. Elite Wealth Management Inc. now owns 218,078 shares of the e-commerce giant’s stock valued at $33,135,000 after buying an additional 3,476 shares during the last quarter. Finally, Quantum Private Wealth LLC increased its position in shares of Amazon.com by 0.9% during the fourth quarter. Quantum Private Wealth LLC now owns 129,767 shares of the e-commerce giant’s stock valued at $19,717,000 after acquiring an additional 1,099 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $188.76 on Wednesday. Amazon.com, Inc. has a twelve month low of $104.70 and a twelve month high of $189.94. The stock has a fifty day simple moving average of $179.60 and a two-hundred day simple moving average of $161.63. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.87, a P/E/G ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the prior year, the business posted $0.31 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value 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 can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 26,197,961 shares of company stock worth $4,482,244,357 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMZN shares. Needham & Company LLC reiterated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Robert W. Baird lifted their price objective on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Wolfe Research upped their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Moffett Nathanson restated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $211.62.

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.