REDW Wealth LLC Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

REDW Wealth LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,057 shares of the e-commerce giant’s stock after selling 7,231 shares during the quarter. REDW Wealth LLC’s holdings in Amazon.com were worth $1,548,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AMZN. Cable Hill Partners LLC grew its stake in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after acquiring an additional 44 shares during the last quarter. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management boosted its stake in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after purchasing an additional 47 shares in the last quarter. MBM Wealth Consultants LLC grew its position in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after purchasing an additional 48 shares during the last quarter. Finally, Semus Wealth Partners LLC raised its holdings in shares of Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after buying an additional 49 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 5.2 %

AMZN stock opened at $181.22 on Friday. The business’s 50-day moving average is $205.37 and its 200 day moving average is $208.47. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 32.77, a PEG ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Sanford C. Bernstein lifted their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Oppenheimer increased their price objective on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada raised their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.19.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Company 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.