Amazon.com, Inc. (NASDAQ:AMZN) is Castle Rock Wealth Management LLC's 7th Largest Position

Castle Rock Wealth Management LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,046 shares of the e-commerce giant's stock after selling 4,095 shares during the quarter. Amazon.com makes up 2.8% of Castle Rock Wealth Management LLC's investment portfolio, making the stock its 7th largest position. Castle Rock Wealth Management LLC's holdings in Amazon.com were worth $11,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Probity Advisors Inc. boosted its holdings in Amazon.com by 7.2% in the fourth quarter. Probity Advisors Inc. now owns 11,745 shares of the e-commerce giant's stock valued at $2,577,000 after purchasing an additional 792 shares in the last quarter. Copley Financial Group Inc. boosted its holdings in shares of Amazon.com by 8.3% in the 4th quarter. Copley Financial Group Inc. now owns 4,099 shares of the e-commerce giant's stock valued at $899,000 after buying an additional 313 shares in the last quarter. Comprehensive Money Management Services LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $667,000. Dogwood Wealth Management LLC raised its stake in Amazon.com by 4.6% during the 4th quarter. Dogwood Wealth Management LLC now owns 7,589 shares of the e-commerce giant's stock worth $1,665,000 after acquiring an additional 335 shares in the last quarter. Finally, Audent Global Asset Management LLC lifted its position in Amazon.com by 143.6% in the fourth quarter. Audent Global Asset Management LLC now owns 35,913 shares of the e-commerce giant's stock valued at $7,879,000 after acquiring an additional 21,171 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The transaction 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 the 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 directly 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. Insiders have sold 102,037 shares of company stock valued at $20,531,075 over the last three months. 9.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wells Fargo & Company reduced their target price on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating for the company in a report on Tuesday, February 25th. Wedbush restated an "outperform" rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Mizuho reduced their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada lowered their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $213.57 on Friday. The stock has a market capitalization of $2.27 trillion, a P/E ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business's fifty day moving average price is $191.84 and its 200 day moving average price is $208.75. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.

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