Amazon.com, Inc. $AMZN Shares Sold by WJ Wealth Management LLC

WJ Wealth Management LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 50.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,686 shares of the e-commerce giant’s stock after selling 11,004 shares during the quarter. Amazon.com makes up approximately 1.0% of WJ Wealth Management LLC’s holdings, making the stock its 23rd largest position. WJ Wealth Management LLC’s holdings in Amazon.com were worth $2,346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after buying an additional 17,447,045 shares during the last quarter. State Street Corp grew its position in shares of Amazon.com by 2.0% during the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock valued at $83,805,794,000 after buying an additional 7,584,156 shares during the last quarter. Geode Capital Management LLC raised its stake in Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after acquiring an additional 3,721,658 shares during the period. Norges Bank bought a new position in Amazon.com in the second quarter worth about $27,438,011,000. Finally, Northern Trust Corp boosted its stake in Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after acquiring an additional 302,858 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.5%

Shares of AMZN stock opened at $208.86 on Friday. The firm has a market capitalization of $2.24 trillion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The stock has a fifty day moving average of $220.60 and a two-hundred day moving average of $226.19.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). The company had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.86 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the transaction, the chief executive officer directly owned 9,405 shares in the company, valued at $1,930,094.10. This trade represents a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total value of $4,077,336.96. Following the sale, the chief executive officer directly owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 71,686 shares of company stock worth $14,688,739. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Monness Crespi & Hardt dropped their price target on Amazon.com from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Amazon.com in a research note on Friday, February 6th. DZ Bank raised Amazon.com to a “strong-buy” rating in a research report on Friday, February 6th. Zacks Research cut Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Benchmark reissued a “buy” rating on shares of Amazon.com in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $286.84.

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About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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