Laidlaw Wealth Management LLC Has $4.45 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Laidlaw Wealth Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 20,275 shares of the e-commerce giant’s stock after selling 187 shares during the quarter. Amazon.com accounts for 1.9% of Laidlaw Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Laidlaw Wealth Management LLC’s holdings in Amazon.com were worth $4,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gimbal Financial acquired a new position in Amazon.com during the 4th quarter worth $202,000. Accuvest Global Advisors boosted its position in Amazon.com by 5.6% in the fourth quarter. Accuvest Global Advisors now owns 59,734 shares of the e-commerce giant’s stock valued at $13,245,000 after buying an additional 3,153 shares in the last quarter. Lyell Wealth Management LP lifted its position in shares of Amazon.com by 0.9% during the fourth quarter. Lyell Wealth Management LP now owns 161,680 shares of the e-commerce giant’s stock worth $35,471,000 after purchasing an additional 1,454 shares in the last quarter. Joel Adams & Associates Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $296,000. Finally, Global Retirement Partners LLC lifted its holdings in Amazon.com by 19.5% in the fourth quarter. Global Retirement Partners LLC now owns 186,676 shares of the e-commerce giant’s stock valued at $40,955,000 after buying an additional 30,509 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.4 %

Amazon.com stock opened at $195.54 on Thursday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 1.50 and a beta of 1.19. The firm has a 50 day moving average of $219.90 and a 200 day moving average of $207.94.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. Telsey Advisory Group restated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Jefferies Financial Group lifted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Tigress Financial lifted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, Rosenblatt Securities boosted their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 over the last three months. 10.80% of the stock is owned by 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.