National Wealth Management Group LLC Decreases Stock Holdings in Amazon.com, Inc. $AMZN

by · The Cerbat Gem

National Wealth Management Group LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 20.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,252 shares of the e-commerce giant’s stock after selling 3,584 shares during the period. Amazon.com comprises about 1.8% of National Wealth Management Group LLC’s investment portfolio, making the stock its 13th biggest holding. National Wealth Management Group LLC’s holdings in Amazon.com were worth $3,127,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMZN. Momentum Wealth Planning LLC bought a new position in shares of Amazon.com during the second quarter valued at about $2,844,000. Dakota Community Bank & Trust NA increased its holdings in Amazon.com by 10.7% during the 2nd quarter. Dakota Community Bank & Trust NA now owns 2,781 shares of the e-commerce giant’s stock valued at $610,000 after purchasing an additional 269 shares during the period. GatePass Capital LLC raised its position in Amazon.com by 11.2% during the 2nd quarter. GatePass Capital LLC now owns 5,464 shares of the e-commerce giant’s stock valued at $1,199,000 after purchasing an additional 549 shares during the last quarter. Caldwell Trust Co purchased a new stake in Amazon.com in the 2nd quarter worth approximately $29,363,000. Finally, Canal Capital Management LLC grew its position in shares of Amazon.com by 11.9% in the 2nd quarter. Canal Capital Management LLC now owns 43,714 shares of the e-commerce giant’s stock worth $9,590,000 after buying an additional 4,645 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMZN shares. HSBC upped their target price on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. KeyCorp restated an “overweight” rating on shares of Amazon.com in a report on Friday, December 5th. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, November 25th. TD Cowen reiterated a “buy” rating and set a $300.00 price target on shares of Amazon.com in a research report on Thursday, December 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $305.00 price objective on shares of Amazon.com in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $295.50.

View Our Latest Research Report on Amazon.com

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the transaction, the director directly owned 26,148 shares in the company, valued at $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the transaction, the chief executive officer directly owned 505,934 shares of the company’s stock, valued at approximately $117,993,927.48. This represents a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 82,234 shares of company stock valued at $19,076,767. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN opened at $222.56 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm’s 50-day simple moving average is $229.40 and its two-hundred day simple moving average is $225.26. The stock has a market cap of $2.38 trillion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.53 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Profile

(Free Report)

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.

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