Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by Wellspring Financial Advisors LLC

Wellspring Financial Advisors LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 63.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,086 shares of the e-commerce giant's stock after selling 42,119 shares during the quarter. Wellspring Financial Advisors LLC's holdings in Amazon.com were worth $5,285,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AMZN. Sassicaia Capital Advisers LLC acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $279,000. Howard Capital Management Group LLC boosted its stake in Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after buying an additional 897 shares during the period. Principal Financial Group Inc. increased its holdings in Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after purchasing an additional 984,570 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Amazon.com by 25.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 367,604 shares of the e-commerce giant's stock valued at $68,485,000 after buying an additional 73,696 shares in the last quarter. Finally, Concentric Wealth Management LLC increased its stake in Amazon.com by 3.4% during the third quarter. Concentric Wealth Management LLC now owns 12,266 shares of the e-commerce giant's stock worth $2,286,000 after purchasing an additional 402 shares during the period. 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, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 107,298 shares of company stock worth $23,818,478. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Up 0.0 %

Shares of Amazon.com stock traded up $0.05 during trading on Friday, reaching $192.13. The company had a trading volume of 13,298,400 shares, compared to its average volume of 45,799,004. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm's fifty day moving average is $188.71 and its 200-day moving average is $207.77. The company has a market cap of $2.04 trillion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $155.67 billion for 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 last year, the business posted $0.98 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMZN shares. UBS Group reiterated a "buy" rating on shares of Amazon.com in a report on Tuesday. Rosenblatt Securities raised their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Bank of America decreased their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

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.