Traveka Wealth LLC Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Traveka Wealth LLC reduced its stake in Amazon.com by 14.4%, now holding 14,004 shares valued at approximately $2.66 million, making it the 19th largest position in their portfolio.
• Other major investors, including Vanguard Group and FMR LLC, also raised their positions in Amazon.com during the fourth quarter, demonstrating continued institutional interest.
• Analysts have a consensus rating of "Buy" for Amazon.com, with target prices ranging from $245.00 to $285.00, reflecting confidence in the company's growth despite recent stock performance fluctuations.

Traveka Wealth LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,004 shares of the e-commerce giant's stock after selling 2,360 shares during the period. Amazon.com makes up about 1.5% of Traveka Wealth LLC's portfolio, making the stock its 19th largest position. Traveka Wealth LLC's holdings in Amazon.com were worth $2,664,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $35,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the 1st quarter worth $40,000. Finally, Perritt Capital Management Inc raised its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMZN. Canaccord Genuity Group reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday. Cowen restated a "buy" rating on shares of Amazon.com in a research note on Friday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday. Benchmark reiterated a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Finally, Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $262.45.

Amazon.com Stock Down 8.3%

Shares of Amazon.com stock traded down $19.36 during trading hours on Friday, reaching $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The company has a market capitalization of $2.28 trillion, a P/E ratio of 32.74, a P/E/G ratio of 1.59 and a beta of 1.31. The stock's fifty day simple moving average is $218.20 and its two-hundred day simple moving average is $209.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the company posted $1.26 EPS. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

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

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.