Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,973 shares of the e-commerce giant’s stock after selling 365 shares during the period. Outlook Wealth Advisors LLC’s holdings in Amazon.com were worth $756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Triasima Portfolio Management inc. acquired a new position in Amazon.com during the fourth quarter worth about $2,793,000. Altus Wealth Group LLC raised its position in shares of Amazon.com by 2.2% in the fourth quarter. Altus Wealth Group LLC now owns 10,820 shares of the e-commerce giant’s stock valued at $1,644,000 after buying an additional 228 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $131,854,000. WCM Investment Management LLC raised its position in shares of Amazon.com by 0.6% in the fourth quarter. WCM Investment Management LLC now owns 4,925,445 shares of the e-commerce giant’s stock valued at $755,465,000 after buying an additional 31,548 shares during the last quarter. Finally, Northstar Asset Management LLC raised its position in shares of Amazon.com by 3.0% in the fourth quarter. Northstar Asset Management LLC now owns 11,936 shares of the e-commerce giant’s stock valued at $1,814,000 after buying an additional 350 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 3.2 %

NASDAQ AMZN opened at $184.72 on Friday. Amazon.com, Inc. has a 12 month low of $103.28 and a 12 month high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. The company’s fifty day moving average price is $178.79 and its two-hundred day moving average price is $159.95.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 20.73%. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock worth $5,505,811,286 in the last ninety days. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research report on Wednesday. Oppenheimer boosted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Wolfe Research upped their price target on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $211.07.

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.