Lord & Richards Wealth Management LLC Sells 3,283 Shares of Amazon.com, Inc. $AMZN

Lord & Richards Wealth Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 36.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,817 shares of the e-commerce giant’s stock after selling 3,283 shares during the period. Amazon.com comprises 1.2% of Lord & Richards Wealth Management LLC’s portfolio, making the stock its 24th biggest holding. Lord & Richards Wealth Management LLC’s holdings in Amazon.com were worth $1,343,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMZN. Norges Bank bought a new stake in shares of Amazon.com in the second quarter valued at about $27,438,011,000. Nuveen LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $11,674,091,000. Laurel Wealth Advisors LLC lifted its stake in shares of Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after buying an additional 12,122,668 shares during the period. Goldman Sachs Group Inc. lifted its stake in Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. Finally, Capital Research Global Investors lifted its stake in Amazon.com by 11.3% during the third quarter. Capital Research Global Investors now owns 94,284,962 shares of the e-commerce giant’s stock worth $20,702,362,000 after purchasing an additional 9,583,217 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $221.25 on Thursday. Amazon.com, Inc. has a 1 year low of $165.29 and a 1 year high of $258.60. The firm has a 50 day moving average of $212.14 and a 200-day moving average of $223.98. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.38 trillion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.38.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same quarter last year, the firm posted $1.86 EPS. The business’s revenue was up 13.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.90, for a total value of $554,900.50. Following the completion of the transaction, the vice president owned 119,780 shares in the company, valued at approximately $24,662,702. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the completion of the transaction, the chief executive officer owned 2,238,118 shares of the company’s stock, valued at $459,217,051.24. This trade represents a 0.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 72,686 shares of company stock valued at $14,899,239 in the last ninety days. 9.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMZN shares. Scotiabank restated an “outperform” rating and set a $275.00 price target (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Argus restated a “buy” rating and set a $325.00 price target on shares of Amazon.com in a research note on Friday, February 6th. Benchmark restated a “buy” rating on shares of Amazon.com in a research note on Thursday, January 29th. Wall Street Zen cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Barclays restated a “buy” rating on shares of Amazon.com in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $287.39.

Get Our Latest Stock Report on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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