Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lowered by CIC Wealth LLC

CIC Wealth LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,552 shares of the e-commerce giant’s stock after selling 520 shares during the period. Amazon.com comprises about 2.3% of CIC Wealth LLC’s holdings, making the stock its 7th largest position. CIC Wealth LLC’s holdings in Amazon.com were worth $7,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Kavar Capital Partners Group LLC boosted its position in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares in the last quarter. Markel Corp boosted its position in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC boosted its position in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,210,510 shares of company stock valued at $5,505,223,106. 12.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on AMZN. Morgan Stanley upped their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. DA Davidson upped their target price on shares of Amazon.com from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada upped their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. The Goldman Sachs Group upped their target price on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Raymond James upped their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $197.95.

Amazon.com Stock Up 0.9 %

Shares of NASDAQ:AMZN opened at $179.83 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52-week low of $96.29 and a 52-week high of $181.41. The company has a 50 day moving average of $169.73 and a two-hundred day moving average of $151.07. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 62.01, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter last year, the company earned $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

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.