FinDec Wealth Services Inc. Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

FinDec Wealth Services Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,332 shares of the e-commerce giant’s stock after selling 193 shares during the period. FinDec Wealth Services Inc.’s holdings in Amazon.com were worth $506,000 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. ShoreHaven Wealth Partners LLC grew its holdings in Amazon.com by 1.9% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after acquiring an additional 60 shares in the last quarter. Measured Wealth Private Client Group LLC raised its holdings in shares of Amazon.com by 2.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after acquiring an additional 62 shares during the period. Socha Financial Group LLC grew its position in Amazon.com by 3.3% during the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock valued at $303,000 after purchasing an additional 63 shares in the last quarter. Lake Hills Wealth Management LLC grew its position in Amazon.com by 0.8% in the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after acquiring an additional 65 shares in the last quarter. Finally, Veery Capital LLC lifted its stake in shares of Amazon.com by 1.1% in the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. TD Cowen increased their price objective on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Tigress Financial increased their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday. Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, Monness Crespi & Hardt raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $212.40.

Check Out Our Latest Stock Analysis on AMZN

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the transaction, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, Director Jonathan Rubinstein sold 5,556 shares of Amazon.com stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the completion of the transaction, the director now owns 109,664 shares in the company, valued at $19,739,520. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the transaction, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,894 shares of company stock valued at $21,363,909. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $179.32 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 50.23, a PEG ratio of 1.30 and a beta of 1.15. The company has a 50 day moving average price of $182.39 and a 200 day moving average price of $167.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Amazon.com Profile

(Free Report)

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.

Further Reading

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

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