Onyx Bridge Wealth Group LLC Sells 2,150 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Onyx Bridge Wealth Group LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 26,961 shares of the e-commerce giant’s stock after selling 2,150 shares during the period. Amazon.com accounts for approximately 0.8% of Onyx Bridge Wealth Group LLC’s holdings, making the stock its 27th largest position. Onyx Bridge Wealth Group LLC’s holdings in Amazon.com were worth $4,096,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMZN. Wetzel Investment Advisors Inc. acquired a new position in shares of Amazon.com in the fourth quarter valued at $470,000. Naples Money Management LLC acquired a new position in Amazon.com in the 4th quarter valued at about $3,569,000. Tanager Wealth Management LLP raised its holdings in Amazon.com by 0.8% in the 4th quarter. Tanager Wealth Management LLP now owns 21,030 shares of the e-commerce giant’s stock valued at $3,195,000 after acquiring an additional 175 shares during the period. RIA Advisory Group LLC lifted its position in Amazon.com by 2.9% during the fourth quarter. RIA Advisory Group LLC now owns 6,933 shares of the e-commerce giant’s stock worth $1,053,000 after acquiring an additional 197 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its holdings in shares of Amazon.com by 6.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 32,154 shares of the e-commerce giant’s stock worth $4,885,000 after acquiring an additional 1,826 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMZN shares. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Mizuho increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, UBS Group lifted their price target on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One research 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $211.62.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 14,300 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $175.00, for a total value of $2,502,500.00. Following the transaction, the chief executive officer now directly owns 499,831 shares of the company’s stock, valued at $87,470,425. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Douglas J. Herrington sold 14,300 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the transaction, the chief executive officer now owns 499,831 shares in the company, valued at approximately $87,470,425. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction 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 directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold 20,187,979 shares of company stock valued at $3,440,575,337 in the last ninety days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $189.50 on Friday. The stock’s 50 day moving average is $179.90 and its 200 day moving average is $161.81. Amazon.com, Inc. has a one year low of $108.05 and a one year high of $191.70. The firm has a market cap of $1.97 trillion, a P/E ratio of 53.08, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current year.

About Amazon.com

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.