Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 468,790 shares of the e-commerce giant's stock after selling 92,434 shares during the quarter. Amazon.com comprises approximately 5.3% of Motley Fool Wealth Management LLC's investment portfolio, making the stock its biggest holding. Motley Fool Wealth Management LLC's holdings in Amazon.com were worth $102,605,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Rench Wealth Management Inc. increased its holdings in shares of Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after purchasing an additional 3,703 shares during the period. Momentous Wealth Management Inc. acquired a new position in Amazon.com in the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC raised its position in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares during the last quarter. Blankinship & Foster LLC lifted its stake in Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after acquiring an additional 4,740 shares during the period. Finally, One Wealth Capital Management LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at $4,270,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays raised their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. HSBC boosted their price objective on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a report on Monday, January 13th. Scotiabank dropped their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and set a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, JMP Securities lowered their price objective on Amazon.com from $285.00 to $240.00 and set a "market outperform" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $246.50.

Amazon.com Trading Down 1.6 %

NASDAQ:AMZN traded down $2.97 on Wednesday, hitting $184.42. The stock had a trading volume of 54,401,626 shares, compared to its average volume of 41,672,387. The company has a fifty day moving average price of $191.39 and a two-hundred day moving average price of $207.74. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.35, a PEG ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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 return on equity of 24.25% and a net margin of 9.29%. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.