Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by LongView Wealth Management

LongView Wealth Management cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 17,992 shares of the e-commerce giant’s stock after selling 412 shares during the period. Amazon.com accounts for about 1.2% of LongView Wealth Management’s holdings, making the stock its 21st biggest holding. LongView Wealth Management’s holdings in Amazon.com were worth $3,947,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AMZN. Fiera Capital Corp boosted its position in Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares in the last quarter. GPM Growth Investors Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $10,269,000. Pursue Wealth Partners LLC grew its stake in Amazon.com by 4.9% in the 2nd quarter. Pursue Wealth Partners LLC now owns 27,117 shares of the e-commerce giant’s stock valued at $5,240,000 after acquiring an additional 1,275 shares during the period. Vance Wealth Inc. increased its holdings in Amazon.com by 1.7% in the 2nd quarter. Vance Wealth Inc. now owns 12,943 shares of the e-commerce giant’s stock worth $2,501,000 after acquiring an additional 216 shares in the last quarter. Finally, Commons Capital LLC raised its position in Amazon.com by 3.3% during the second quarter. Commons Capital LLC now owns 29,146 shares of the e-commerce giant’s stock worth $5,632,000 after acquiring an additional 931 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $237.68 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.50 trillion, a P/E ratio of 50.90, a P/E/G ratio of 1.35 and a beta of 1.14. The stock has a 50 day moving average of $223.02 and a two-hundred day moving average of $198.55. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 5.3 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. DA Davidson reissued a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Bank of America increased their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen lifted their price target on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley increased their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Susquehanna lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.33.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the sale, the director now owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,027,340 shares of company stock worth $1,252,456,773. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.