PRW Wealth Management LLC Sells 111 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

PRW Wealth Management LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,269 shares of the e-commerce giant’s stock after selling 111 shares during the quarter. Amazon.com makes up approximately 4.8% of PRW Wealth Management LLC’s portfolio, making the stock its 7th biggest position. PRW Wealth Management LLC’s holdings in Amazon.com were worth $3,939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC lifted its holdings in Amazon.com by 191,406.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock worth $930,719,000 after buying an additional 9,302,331 shares during the period. Nuveen Asset Management LLC lifted its holdings in Amazon.com by 3,787.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,590,645 shares of the e-commerce giant’s stock worth $6,799,352,000 after buying an additional 3,498,279 shares during the period. Viking Global Investors LP lifted its holdings in Amazon.com by 157.6% during the 2nd quarter. Viking Global Investors LP now owns 802,837 shares of the e-commerce giant’s stock worth $1,520,276,000 after buying an additional 491,118 shares during the period. Investec Asset Management LTD lifted its holdings in Amazon.com by 186.8% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the e-commerce giant’s stock worth $430,045,000 after buying an additional 422,352 shares during the period. Finally, BlackRock Inc. lifted its holdings in Amazon.com by 1.6% during the 2nd quarter. BlackRock Inc. now owns 26,082,028 shares of the e-commerce giant’s stock worth $49,389,711,000 after buying an additional 415,448 shares during the period. 55.60% of the stock is currently owned by institutional investors.

In other news, Director Indra K. Nooyi acquired 100 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average price of $1,726.06 per share, for a total transaction of $172,606.00. Following the completion of the purchase, the director now owns 250 shares in the company, valued at $431,515. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total value of $672,887.97. Following the completion of the transaction, the vice president now owns 6,307 shares in the company, valued at approximately $11,197,637.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,747 shares of company stock worth $40,737,808. 16.10% of the stock is owned by company insiders.

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Amazon.com stock traded down $2.32 during midday trading on Friday, reaching $1,785.88. The stock had a trading volume of 2,123,300 shares, compared to its average volume of 4,016,732. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,035.80. The company has a fifty day moving average price of $1,759.09 and a two-hundred day moving average price of $1,840.01. The company has a market capitalization of $893.28 billion, a P/E ratio of 88.67, a PEG ratio of 3.20 and a beta of 1.56. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing analysts’ consensus estimates of $4.46 by ($0.23). Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The business had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. During the same quarter in the previous year, the firm earned $5.75 EPS. Amazon.com’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 20.52 earnings per share for the current fiscal year.

AMZN has been the topic of several recent research reports. SunTrust Banks lifted their target price on Amazon.com from $2,200.00 to $2,350.00 and gave the stock a “buy” rating in a report on Friday, October 25th. ValuEngine raised Amazon.com from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Pivotal Research reaffirmed a “buy” rating and set a $2,615.00 target price (down from $2,750.00) on shares of Amazon.com in a report on Friday, July 26th. Stifel Nicolaus set a $2,300.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Sunday, October 20th. Finally, Barclays cut their target price on Amazon.com from $2,180.00 to $2,000.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $2,189.97.

Amazon.com Profile

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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

See Also: Cash Flow

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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