Altium Wealth Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,151 shares of the e-commerce giant’s stock after selling 93 shares during the period. Amazon.com comprises about 0.6% of Altium Wealth Management LLC’s holdings, making the stock its 22nd largest position. Altium Wealth Management LLC’s holdings in Amazon.com were worth $3,231,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Amazon.com by 3.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 54,608 shares of the e-commerce giant’s stock valued at $109,373,000 after purchasing an additional 1,599 shares in the last quarter. Ironwood Investment Counsel LLC lifted its holdings in Amazon.com by 39.7% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 535 shares of the e-commerce giant’s stock valued at $1,071,000 after purchasing an additional 152 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in Amazon.com by 2.3% in the 3rd quarter. Panagora Asset Management Inc. now owns 447,545 shares of the e-commerce giant’s stock valued at $896,433,000 after purchasing an additional 10,119 shares in the last quarter. Spirit of America Management Corp NY purchased a new position in Amazon.com in the 3rd quarter valued at about $110,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in Amazon.com in the 3rd quarter valued at about $252,000. Institutional investors and hedge funds own 56.09% of the company’s stock.
In other news, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the sale, the director now owns 7,861 shares of the company’s stock, valued at $12,593,322. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the sale, the senior vice president now directly owns 46,596 shares of the company’s stock, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. Insiders sold 7,075 shares of company stock valued at $11,802,708 in the last ninety days. 16.30% of the stock is owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.55 by $0.49. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The company had revenue of $72.38 billion during the quarter, compared to the consensus estimate of $71.73 billion. During the same quarter last year, the company earned $2.16 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 26.66 EPS for the current fiscal year.
AMZN has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on shares of Amazon.com from $2,250.00 to $2,300.00 and gave the company an “outperform” rating in a report on Wednesday, January 30th. Guggenheim reiterated a “buy” rating and set a $2,000.00 price objective on shares of Amazon.com in a report on Thursday, January 31st. Benchmark cut their price objective on shares of Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a report on Wednesday, January 30th. Goldman Sachs Group cut their price objective on shares of Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating on the stock in a report on Friday, January 4th. Finally, Bank of America reiterated a “buy” rating and set a $2,100.00 price objective (up from $2,000.00) on shares of Amazon.com in a report on Wednesday, January 9th. Four analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,139.02.
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.
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