Redwood Wealth Management Group LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,309 shares of the e-commerce giant’s stock after selling 192 shares during the period. Amazon.com comprises 1.0% of Redwood Wealth Management Group LLC’s investment portfolio, making the stock its 27th largest holding. Redwood Wealth Management Group LLC’s holdings in Amazon.com were worth $958,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $30,000. Strid Group LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $43,000. Clarity Asset Management Inc. bought a new position in Amazon.com during the 4th quarter worth approximately $46,000. Steph & Co. bought a new position in Amazon.com during the 1st quarter worth approximately $65,000. Finally, Advantage Trust Co acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $68,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Activity
In related news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the transaction, the chief executive officer now directly owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders sold 6,112,990 shares of company stock valued at $1,222,250,048 in the last quarter. 10.80% of the stock is currently owned by insiders.
Amazon.com Trading Up 1.5 %
Shares of AMZN stock opened at $182.50 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The stock has a market capitalization of $1.90 trillion, a P/E ratio of 51.12, a P/E/G ratio of 1.29 and a beta of 1.15. The firm’s 50 day moving average is $187.27 and its 200 day moving average is $178.61.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results 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 return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 4.73 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have weighed in on AMZN. Wells Fargo & Company increased their price target on Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday, June 28th. Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Friday. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $220.04.
View Our Latest Report on Amazon.com
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.
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