WealthBridge Capital Management LLC Sells 2,225 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

WealthBridge Capital Management LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,872 shares of the e-commerce giant’s stock after selling 2,225 shares during the quarter. Amazon.com accounts for about 3.2% of WealthBridge Capital Management LLC’s holdings, making the stock its 7th biggest position. WealthBridge Capital Management LLC’s holdings in Amazon.com were worth $9,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Core Wealth Partners LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Core Wealth Partners LLC now owns 17,311 shares of the e-commerce giant’s stock valued at $2,630,000 after acquiring an additional 420 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Amazon.com by 1.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,410,531 shares of the e-commerce giant’s stock worth $366,257,000 after buying an additional 42,503 shares during the last quarter. Wealth Group Ltd bought a new position in Amazon.com during the fourth quarter valued at about $436,000. Vanguard Personalized Indexing Management LLC increased its holdings in Amazon.com by 10.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 709,915 shares of the e-commerce giant’s stock worth $107,864,000 after buying an additional 69,079 shares during the last quarter. Finally, Facet Wealth Inc. raised its position in Amazon.com by 12.9% in the fourth quarter. Facet Wealth Inc. now owns 41,307 shares of the e-commerce giant’s stock worth $6,276,000 after acquiring an additional 4,706 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research report on Thursday, September 12th. Maxim Group increased their price objective on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $200.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research note on Monday. Finally, Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $223.65.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the sale, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the completion of the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The disclosure for this sale can be found here. Insiders have sold 4,634,860 shares of company stock valued at $926,639,482 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.2 %

NASDAQ AMZN opened at $184.76 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $179.05 and its two-hundred day simple moving average is $182.83. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.75, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Research analysts forecast that Amazon.com, Inc. will post 4.86 EPS 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.