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Atticus Wealth Management LLC Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Published 8 hours ago5 minute read
(NASDAQ:AMZN) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,591 shares of the e-commerce giant’s stock after selling 495 shares during the period. Amazon.com comprises approximately 0.8% of Atticus Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position. Atticus Wealth Management LLC’s holdings in Amazon.com were worth $2,396,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Momentous Wealth Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $12,014,000. Evergreen Capital Management LLC boosted its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

NASDAQ:AMZN opened at $225.02 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. The firm’s fifty day moving average is $209.90 and its two-hundred day moving average is $208.63.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

In other Amazon.com news, insider Jeffrey P. Bezos sold 384,124 shares of the company’s stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $224.02, for a total value of $86,051,458.48. Following the sale, the insider directly owned 901,995,325 shares of the company’s stock, valued at approximately $202,064,992,706.50. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 in the last three months. Company insiders own 9.70% of the company’s stock.

A number of analysts recently issued reports on AMZN shares. Royal Bank Of Canada lowered their price target on Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $249.42.

View Our Latest Stock Analysis on Amazon.com

(Free Report)

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.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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