Ledge Wealth Management Inc. Sells 3,551 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Ledge Wealth Management Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,541 shares of the e-commerce giant’s stock after selling 3,551 shares during the quarter. Amazon.com comprises 1.3% of Ledge Wealth Management Inc.’s holdings, making the stock its 18th largest holding. Ledge Wealth Management Inc.’s holdings in Amazon.com were worth $3,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC boosted its position in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after buying an additional 15 shares during the last quarter. Markel Corp raised its stake in Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its stake in Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. DA Davidson reiterated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday. Monness Crespi & Hardt increased their price target on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Maxim Group assumed coverage on Amazon.com in a research note on Wednesday. They issued a “buy” rating and a $218.00 price target for the company. Stifel Nicolaus raised their price objective on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wolfe Research raised their price objective on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $202.80.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the transaction, the insider now directly owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock valued at $5,505,798,456 in the last three months. 12.30% of the stock is owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $174.63 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.82 trillion, a PE ratio of 60.22, a P/E/G ratio of 1.57 and a beta of 1.16. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The business’s fifty day moving average price is $177.28 and its 200 day moving average price is $156.83.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the firm posted $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.1 EPS for the current year.

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.