Amazon.com, Inc. (NASDAQ:AMZN) is Conscious Wealth Investments LLC’s 9th Largest Position

Conscious Wealth Investments LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the fourth quarter, Holdings Channel reports. The firm owned 17,970 shares of the e-commerce giant’s stock after selling 62 shares during the period. Amazon.com comprises 2.8% of Conscious Wealth Investments LLC’s investment portfolio, making the stock its 9th largest holding. Conscious Wealth Investments LLC’s holdings in Amazon.com were worth $4,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Capital Advisors Ltd. LLC increased its holdings in Amazon.com by 2.3% in the 4th quarter. Capital Advisors Ltd. LLC now owns 12,273 shares of the e-commerce giant’s stock valued at $2,693,000 after purchasing an additional 281 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth $91,000. Birchcreek Wealth Management LLC boosted its position in shares of Amazon.com by 2.2% during the fourth quarter. Birchcreek Wealth Management LLC now owns 9,496 shares of the e-commerce giant’s stock worth $2,083,000 after buying an additional 205 shares during the period. Partners Wealth Management LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $1,610,000. Finally, Black Diamond Financial LLC grew its stake in shares of Amazon.com by 3.8% in the fourth quarter. Black Diamond Financial LLC now owns 10,625 shares of the e-commerce giant’s stock valued at $2,331,000 after buying an additional 393 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on 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 transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.2 %

AMZN stock opened at $205.71 on Wednesday. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a fifty day moving average price of $218.36 and a 200 day moving average price of $208.86. 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, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. Loop Capital raised their target price on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Barclays increased their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company cut their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $260.65.

About Amazon.com

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.