Waldron Private Wealth LLC Has $15.69 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Waldron Private Wealth LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,279 shares of the e-commerce giant’s stock after selling 2,569 shares during the period. Amazon.com accounts for 0.7% of Waldron Private Wealth LLC’s holdings, making the stock its 28th largest position. Waldron Private Wealth LLC’s holdings in Amazon.com were worth $15,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AMZN. PayPay Securities Corp increased its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth approximately $49,000. Finally, Bruce G. Allen Investments LLC bought a new position in Amazon.com in the fourth quarter valued at approximately $57,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. Wells Fargo & Company raised their target price on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a report on Wednesday. Roth Mkm reaffirmed a “buy” rating and issued a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research note on Wednesday. Argus boosted their target price on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Oppenheimer upped their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $211.07.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at $92,688,826.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,217,010 shares of company stock valued at $5,506,442,301. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ AMZN opened at $186.21 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.93 trillion, a PE ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15. The company’s fifty day simple moving average is $178.79 and its 200 day simple moving average is $159.95. Amazon.com, Inc. has a 12-month low of $103.31 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.12 earnings per share for the current fiscal year.

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.