Redwood Wealth Management Group LLC Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Redwood Wealth Management Group LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,501 shares of the e-commerce giant’s stock after selling 110 shares during the quarter. Amazon.com comprises about 0.9% of Redwood Wealth Management Group LLC’s investment portfolio, making the stock its 28th largest position. Redwood Wealth Management Group LLC’s holdings in Amazon.com were worth $836,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMZN. PayPay Securities Corp raised its stake in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in shares of Amazon.com in the third quarter valued at $49,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at $57,000. Finally, AM Squared Ltd purchased a new stake in shares of Amazon.com in the third quarter valued at $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

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

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the previous year, the company posted $0.21 EPS. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of Amazon.com from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Moffett Nathanson restated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. Citigroup upped their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $204.76.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com 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.