Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by SMART Wealth LLC

Key Points

• SMART Wealth LLC has reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.4%, now owning 11,844 shares worth approximately $2.25 million.
• Other major institutional investors, including Vanguard Group Inc. and FMR LLC, have increased their positions in Amazon during the fourth quarter, reflecting strong confidence in the company's performance.
• Amazon's latest earnings report showed $1.59 EPS for the quarter, surpassing estimates, and a 10.14% net margin alongside an 8.6% year-over-year revenue growth.

SMART Wealth LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,844 shares of the e-commerce giant's stock after selling 1,832 shares during the quarter. SMART Wealth LLC's holdings in Amazon.com were worth $2,253,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. FMR LLC grew its holdings in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after buying an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC grew its holdings in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after buying an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares in the last quarter. Finally, Norges Bank purchased a new stake in Amazon.com in the 4th quarter valued at $27,266,582,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. 9.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMZN. DA Davidson upped their target price on Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a report on Friday. Monness Crespi & Hardt upped their target price on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday. Wedbush upped their price target on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday. Roth Capital set a $250.00 price target on Amazon.com and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Rosenblatt Securities upped their price target on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday. Three analysts have rated the stock with a hold rating, forty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $260.85.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $19.36 on Friday, hitting $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $217.93 and a 200-day moving average price of $209.23. The company has a market capitalization of $2.28 trillion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.74 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com 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.