Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Wealthgarden F.S. LLC

Wealthgarden F.S. LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 97.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,591 shares of the e-commerce giant's stock after selling 157,055 shares during the period. Wealthgarden F.S. LLC's holdings in Amazon.com were worth $1,007,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMZN. AMF Tjanstepension AB raised its holdings in shares of Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock valued at $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Swedbank AB lifted its position in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after buying an additional 183,610 shares during the last quarter. Sassicaia Capital Advisers LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at $279,000. Howard Capital Management Group LLC grew its position in shares of Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after buying an additional 897 shares during the last quarter. Finally, Meridian Management Co. raised its stake in Amazon.com by 27.6% during the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock worth $6,235,000 after acquiring an additional 7,246 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

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Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 1.2 %

Shares of NASDAQ AMZN traded up $2.45 during midday trading on Tuesday, reaching $205.71. 31,105,980 shares of the stock were exchanged, compared to its average volume of 38,443,934. The stock has a 50 day moving average price of $218.60 and a 200-day moving average price of $208.62. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.18 trillion, a P/E ratio of 37.20, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets reissued an "outperform" rating and issued a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. JMP Securities reiterated a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. DA Davidson lifted their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $270.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Wolfe Research upped their price objective on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $260.65.

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.