CWA Asset Management Group LLC Has $55.37 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

CWA Asset Management Group LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,382 shares of the e-commerce giant's stock after selling 5,651 shares during the period. Amazon.com comprises about 2.8% of CWA Asset Management Group LLC's investment portfolio, making the stock its 5th largest position. CWA Asset Management Group LLC's holdings in Amazon.com were worth $55,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Helios Capital Management PTE. Ltd. raised its position in shares of Amazon.com by 15.1% during the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant's stock valued at $7,827,000 after acquiring an additional 5,300 shares in the last quarter. Avion Wealth increased its stake in Amazon.com by 22.2% during the second quarter. Avion Wealth now owns 5,544 shares of the e-commerce giant's stock valued at $1,071,000 after purchasing an additional 1,007 shares during the last quarter. Durante & Waters LLC raised its holdings in shares of Amazon.com by 2.6% during the second quarter. Durante & Waters LLC now owns 7,051 shares of the e-commerce giant's stock worth $1,363,000 after purchasing an additional 180 shares during the period. 1900 Wealth Management LLC lifted its position in shares of Amazon.com by 0.5% in the 2nd quarter. 1900 Wealth Management LLC now owns 21,982 shares of the e-commerce giant's stock worth $4,248,000 after buying an additional 101 shares during the last quarter. Finally, Ballast Advisors LLC boosted its holdings in shares of Amazon.com by 1.0% in the 2nd quarter. Ballast Advisors LLC now owns 20,681 shares of the e-commerce giant's stock valued at $3,997,000 after buying an additional 197 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 2.4 %

NASDAQ:AMZN traded up $5.28 during trading hours on Friday, hitting $225.94. 42,097,354 shares of the company's stock traded hands, compared to its average volume of 27,997,364. The stock's fifty day moving average price is $217.91 and its two-hundred day moving average price is $196.28. The firm has a market cap of $2.38 trillion, a P/E ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, research analysts expect that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company's stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company's stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. JPMorgan Chase & Co. raised their price target on Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Redburn Atlantic upped their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Wedbush increased their target price on Amazon.com from $250.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, January 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $250.00 price target on shares of Amazon.com in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $245.65.

About Amazon.com

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.