LWM Advisory Services LLC Sells 628 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

LWM Advisory Services LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,597 shares of the e-commerce giant’s stock after selling 628 shares during the quarter. Amazon.com comprises approximately 2.5% of LWM Advisory Services LLC’s investment portfolio, making the stock its 10th largest holding. LWM Advisory Services LLC’s holdings in Amazon.com were worth $3,642,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMZN. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC grew its position in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares in the last quarter. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com during the third quarter worth approximately $45,000. Quattro Financial Advisors LLC increased its stake in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 3.6 %

AMZN stock opened at $203.26 on Tuesday. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 36.76, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a fifty day moving average price of $218.60 and a two-hundred day moving average price of $208.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMZN shares. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Piper Sandler reiterated an “overweight” rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Mizuho raised their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Scotiabank upped their price objective on Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group raised their target price on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by company 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.