Signature Wealth Management Partners LLC Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Signature Wealth Management Partners LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 21,777 shares of the e-commerce giant’s stock after selling 65 shares during the period. Amazon.com makes up about 3.2% of Signature Wealth Management Partners LLC’s investment portfolio, making the stock its 7th largest position. Signature Wealth Management Partners LLC’s holdings in Amazon.com were worth $3,928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Transatlantique Private Wealth LLC increased its holdings in Amazon.com by 0.7% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 14,467 shares of the e-commerce giant’s stock worth $1,839,000 after acquiring an additional 106 shares in the last quarter. South Street Advisors LLC increased its holdings in Amazon.com by 0.8% in the 3rd quarter. South Street Advisors LLC now owns 20,370 shares of the e-commerce giant’s stock worth $2,589,000 after acquiring an additional 160 shares in the last quarter. FMR LLC increased its holdings in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Allen Investment Management LLC increased its holdings in Amazon.com by 0.8% in the 3rd quarter. Allen Investment Management LLC now owns 2,588,675 shares of the e-commerce giant’s stock worth $329,072,000 after acquiring an additional 20,280 shares in the last quarter. Finally, Clearstead Advisors LLC increased its holdings in Amazon.com by 20.9% in the 3rd quarter. Clearstead Advisors LLC now owns 119,042 shares of the e-commerce giant’s stock worth $15,133,000 after acquiring an additional 20,613 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,548 shares of company stock worth $12,774,204. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.2 %

Shares of NASDAQ:AMZN traded up $2.38 on Friday, hitting $199.97. 16,365,729 shares of the company’s stock were exchanged, compared to its average volume of 42,638,844. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $200.55. The stock has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15. The business’s 50 day simple moving average is $185.58 and its two-hundred day simple moving average is $174.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMZN. Moffett Nathanson reissued a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. UBS Group increased their price objective on shares of Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Argus increased their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $215.86.

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.