Waterway Wealth Management LLC Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Waterway Wealth Management LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% in the first quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The institutional investor held 3,220 shares of the e-commerce giant after selling 207 shares during the period. Waterway Wealth Management LLC’s stake in Amazon.com was worth $581,000 at the end of the last quarter.

Other hedge funds and other institutional investors also added to or reduced their holdings in the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after purchasing an additional 13,134,632 shares in the last quarter. Norges Bank bought a new stake in Amazon.com in the fourth quarter worth approximately $17,700,551,000. Jennison Associates LLC increased its position in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after acquiring an additional 1,525,922 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Amazon.com by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 42,241,587 shares of the e-commerce giant’s stock worth $6,418,187,000 after acquiring an additional 888,369 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN stock opened at $200.00 on Monday. The company has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a PEG ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a current ratio of 1.07. The stock has a 50-day moving average price of $185.99 and a 200-day moving average price of $174.94.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ estimates of $142.65 billion. During the same period last year, the company posted $0.31 earnings per share. The company’s revenue increased 12.5% compared to the same quarter last year. Analysts expect Amazon.com, Inc. to post $4.72 earnings per share for the current year.

Buying and selling confidential information

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction value of $292,804,474.96. Following the completion of the transaction, the insider now owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC’s website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the transaction, the CEO now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in legal documents filed with the SEC, which can be accessed through the SEC’s website. Additionally, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction value of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. Disclosure of this sale can be found here. Over the last ninety days, insiders have sold 1,532,985 shares of the company’s stock worth a total of $305,578,679. 10.80% of the shares are owned by insiders.

Analyst ratings upgrades and downgrades

Multiple analysts have issued reports on the company. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1. Citigroup raised their price target on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Loop Capital raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, May 6. Oppenheimer raised their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. Finally, Morgan Stanley raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three gave the stock a “buy” rating, and one gave the stock a “strong buy” rating. The stock has a consensus rating of “Buy” and an average price target of $215.86 based on data from MarketBeat.com.

Read our latest research report on Amazon.com

Amazon.com Company Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

Amazon.com Stock Performance

Buying and selling confidential information

Analyst ratings upgrades and downgrades

Amazon.com Company Profile

Further reading