Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Walter & Keenan Wealth Management LLC IN ADV

Walter & Keenan Wealth Management LLC IN ADV reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,028 shares of the e-commerce giant’s stock after selling 176 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Amazon.com were worth $1,676,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. FMR LLC increased its stake in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Amazon.com by 28.4% in the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after buying an additional 12,176,114 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Amazon.com in the third quarter worth $610,138,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $176.59 on Thursday. The company has a market cap of $1.83 trillion, a PE ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $177.71 and its two-hundred day moving average price is $158.12.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMZN shares. Oppenheimer lifted their price target on shares of Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Piper Sandler boosted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Royal Bank of Canada boosted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Maxim Group initiated coverage on shares of Amazon.com in a research note on Wednesday, April 17th. They set a “buy” rating and a $218.00 target price for the company. Finally, Susquehanna boosted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $204.76.

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.