Legacy Wealth Management LLC MS Decreases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Legacy Wealth Management LLC MS cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,708 shares of the e-commerce giant's stock after selling 3,214 shares during the period. Amazon.com accounts for 0.8% of Legacy Wealth Management LLC MS's investment portfolio, making the stock its 29th largest holding. Legacy Wealth Management LLC MS's holdings in Amazon.com were worth $2,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of Amazon.com by 19.2% in the 4th quarter. Nordea Investment Management AB now owns 10,861,850 shares of the e-commerce giant's stock valued at $2,405,248,000 after acquiring an additional 1,747,107 shares during the last quarter. jvl associates llc increased its stake in Amazon.com by 1.8% in the fourth quarter. jvl associates llc now owns 3,958 shares of the e-commerce giant's stock valued at $868,000 after purchasing an additional 70 shares during the last quarter. Integrated Capital Management LLC raised its holdings in Amazon.com by 1.0% during the fourth quarter. Integrated Capital Management LLC now owns 6,116 shares of the e-commerce giant's stock worth $1,342,000 after purchasing an additional 58 shares in the last quarter. First Citizens Financial Corp lifted its position in shares of Amazon.com by 32.4% during the 4th quarter. First Citizens Financial Corp now owns 2,076 shares of the e-commerce giant's stock worth $455,000 after buying an additional 508 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its holdings in shares of Amazon.com by 0.8% in the 4th quarter. Everence Capital Management Inc. now owns 176,370 shares of the e-commerce giant's stock valued at $38,694,000 after buying an additional 1,370 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 2.4 %

Shares of Amazon.com stock traded up $5.28 during trading hours on Friday, reaching $225.94. 42,097,354 shares of the company's stock were exchanged, compared to its average volume of 27,997,364. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $233.00. The company has a fifty day moving average of $217.91 and a 200-day moving average of $196.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the company earned $0.85 EPS. The firm's quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 5,004 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares of the company's stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. TD Cowen upped their target price on Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Roth Mkm increased their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their price target on Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Redburn Atlantic upped their price target on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group lifted their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $245.65.

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.