Menu Close

Amazon.com, Inc. (NASDAQ:AMZN) Position Lessened by Highland Private Wealth Management

view original post

Highland Private Wealth Management decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 15,519 shares of the e-commerce giant’s stock after selling 3,310 shares during the period. Amazon.com accounts for approximately 6.7% of Highland Private Wealth Management’s portfolio, making the stock its 3rd largest holding. Highland Private Wealth Management’s holdings in Amazon.com were worth $50,592,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Stuart Chaussee & Associates Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $27,000. Econ Financial Services Corp acquired a new position in Amazon.com during the fourth quarter worth approximately $33,000. Gibson Wealth Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth approximately $33,000. Leverty Financial Group LLC acquired a new position in Amazon.com during the fourth quarter worth approximately $36,000. Finally, MBM Wealth Consultants LLC increased its position in Amazon.com by 57.1% during the fourth quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after purchasing an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Robert W. Baird dropped their price target on shares of Amazon.com from $200.00 to $187.50 in a research report on Friday, April 29th. Rosenblatt Securities started coverage on shares of Amazon.com in a research report on Tuesday, April 19th. They issued a “neutral” rating and a $150.00 price objective for the company. Susquehanna Bancshares dropped their price objective on shares of Amazon.com from $250.00 to $190.00 in a research report on Friday, April 29th. Evercore ISI dropped their price objective on shares of Amazon.com from $205.00 to $180.00 and set an “outperform” rating for the company in a research report on Friday, June 24th. Finally, Susquehanna dropped their price objective on shares of Amazon.com from $250.00 to $190.00 in a research report on Friday, April 29th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and forty have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.52.

Amazon.com Stock Performance

Shares of AMZN opened at $122.28 on Friday. The firm’s 50 day moving average is $113.59 and its 200-day moving average is $135.51. The stock has a market capitalization of $1.24 trillion, a P/E ratio of 59.03, a P/E/G ratio of 4.38 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.96 and a quick ratio of 0.71. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The business had revenue of $116.44 billion during the quarter, compared to analyst estimates of $116.52 billion. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 1.12 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO David H. Clark sold 2,270 shares of Amazon.com stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the transaction, the chief executive officer now owns 6,695 shares of the company’s stock, valued at approximately $14,522,927.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Andrew R. Jassy sold 1,181 shares of Amazon.com stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the transaction, the chief executive officer now directly owns 92,781 shares of the company’s stock, valued at $209,870,622. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David H. Clark sold 2,270 shares of Amazon.com stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the completion of the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The disclosure for this sale can be found here. Insiders have sold 4,803 shares of company stock valued at $10,528,337 in the last quarter. Insiders own 12.70% of the company’s stock.

Amazon.com Profile

(Get Rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Featured Stories

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.