Choice Wealth Advisors LLC Sells 256 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Choice Wealth Advisors LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 34,197 shares of the e-commerce giant’s stock after selling 256 shares during the period. Amazon.com accounts for approximately 3.2% of Choice Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Choice Wealth Advisors LLC’s holdings in Amazon.com were worth $5,196,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. Kavar Capital Partners Group LLC lifted its stake in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its position in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp raised its position in Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its position in Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $179.83 on Thursday. Amazon.com, Inc. has a 52 week low of $96.29 and a 52 week high of $181.41. The company’s 50 day moving average price is $169.73 and its two-hundred day moving average price is $151.07. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.87 trillion, a P/E ratio of 62.01, a P/E/G ratio of 1.57 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter last year, the firm earned $0.21 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 5,556 shares of Amazon.com stock in a transaction that occurred on 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 transaction, the director now owns 109,664 shares of the company’s stock, valued at approximately $19,739,520. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the sale, the chief executive officer now owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 5,556 shares of Amazon.com 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 $1,000,080.00. Following the completion of the sale, the director now directly owns 109,664 shares in the company, valued at approximately $19,739,520. The disclosure for this sale can be found here. Insiders have sold a total of 32,210,510 shares of company stock valued at $5,505,223,106 in the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Bank of America raised their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Susquehanna raised their target price on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $197.95.

Amazon.com Company Profile

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.