Fullcircle Wealth LLC Sells 1,504 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fullcircle Wealth LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,905 shares of the e-commerce giant's stock after selling 1,504 shares during the period. Fullcircle Wealth LLC's holdings in Amazon.com were worth $1,591,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. FWL Investment Management LLC raised its position in Amazon.com by 48.7% in the 4th quarter. FWL Investment Management LLC now owns 29,579 shares of the e-commerce giant's stock worth $6,489,000 after purchasing an additional 9,687 shares during the last quarter. Circle Wealth Management LLC boosted its position in Amazon.com by 0.3% in the 4th quarter. Circle Wealth Management LLC now owns 288,366 shares of the e-commerce giant's stock valued at $63,265,000 after buying an additional 804 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in shares of Amazon.com by 27.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 634,276 shares of the e-commerce giant's stock valued at $139,154,000 after buying an additional 137,492 shares during the period. Coastal Bridge Advisors LLC raised its position in shares of Amazon.com by 13.3% during the fourth quarter. Coastal Bridge Advisors LLC now owns 24,986 shares of the e-commerce giant's stock worth $5,482,000 after acquiring an additional 2,928 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its position in shares of Amazon.com by 2.9% during the fourth quarter. Driehaus Capital Management LLC now owns 9,943 shares of the e-commerce giant's stock worth $2,181,000 after acquiring an additional 277 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 over the last 90 days. 9.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Oppenheimer decreased their price target on Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Mizuho cut their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Truist Financial lowered their price target on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Morgan Stanley dropped their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Raymond James reissued an "outperform" rating and issued a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Up 0.5%

Shares of AMZN stock traded up $0.98 on Thursday, hitting $205.70. 34,630,040 shares of the stock were exchanged, compared to its average volume of 41,998,938. 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 firm has a market capitalization of $2.18 trillion, a P/E ratio of 37.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50-day moving average of $190.60 and a 200 day moving average of $208.70.

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