Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Decreased by IHT Wealth Management LLC

IHT Wealth Management LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,075 shares of the e-commerce giant's stock after selling 44,960 shares during the quarter. Amazon.com accounts for 1.4% of IHT Wealth Management LLC's portfolio, making the stock its 11th largest position. IHT Wealth Management LLC's holdings in Amazon.com were worth $43,236,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Accordant Advisory Group Inc grew its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management purchased a new position in shares of Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc boosted 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 valued at $42,000 after purchasing an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC boosted its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Tigress Financial upped their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Scotiabank decreased their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Royal Bank of Canada decreased their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, DA Davidson cut their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Price Performance

AMZN traded up $0.42 on Friday, reaching $205.59. The company had a trading volume of 43,001,394 shares, compared to its average volume of 41,989,030. The company has a fifty day moving average of $189.33 and a 200-day moving average of $208.61. The company has a market capitalization of $2.18 trillion, a P/E ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. 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 posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating 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 analyst estimates of $154.96 billion. During the same quarter last year, the firm posted $0.98 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,798 shares of company stock worth $17,696,733. Corporate insiders own 9.70% of the company's stock.

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.