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Onyx Bridge Wealth Group LLC reduces its stake in Amazon.com, Inc. (NASDAQ:AMZN)


Onyx Bridge Wealth Group LLC has reduced its stake in Amazon.com, Inc. shares, according to Holdings Channel. (NASDAQ:AMZN) up 7.4% in the fourth quarter. The institutional investor owned 26,961 shares of the e-commerce giant after selling 2,150 shares during the quarter. Amazon.com makes up about 0.8% of Onyx Bridge Wealth Group LLC, making it the 27th largest company. Onyx Bridge Wealth Group LLC’s holdings in Amazon.com were worth $4,096,000, according to its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also increased or decreased their holdings in the stock. Members Trust Co increased its position in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its holdings in shares of Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp increased its position in shares of Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Nicholas Company Inc. increased its shares in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB increased its position on Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the period. 72.20% of the shares are in the hands of institutional investors.

Amazon.com stock performance

On Friday, NASDAQ AMZN opened at $189.50. The company has a market capitalization of $1.97 trillion, a P/E ratio of 53.08, a P/E/G ratio of 1.35 and a beta of 1.15. The company’s 50-day moving average price is $179.90 and its 200-day moving average price is $161.81. Amazon.com, Inc. it has a fifty-two week low of $108.05 and a fifty-two week high of $191.70. The company has a debt to equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported earnings per share of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to analyst expectations of $142.65 billion. During the same quarter last year, the company reported earnings per share of $0.31. The company’s revenues increased by 12.5% ​​compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will report 4.67 earnings per share for the current year.

Wall Street analysts predict growth

Many stock analysts have recently published reports on the company. Rosenblatt Securities maintained a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Royal Bank of Canada increased their price target on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2. Mizuho increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Loop Capital increased their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. Finally, Argus increased their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One analyst has rated the company with a hold rating, forty-four analysts have issued a buy rating to the company and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $211.62.

Check out our latest analysis on AMZN

Insiders place their bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Douglas J. Herrington sold 14,300 shares of Amazon.com stock in a transaction dated Monday, February 12th. The shares were sold at an average price of USD 175.00, for a total transaction amount of USD 2,502,500.00. Following the sale, the CEO now owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The announcement of this sale can be found here. Over the last 90 days, insiders have sold a total of 20,187,979 shares of company stock worth $3,440,575,337. Insiders own 10.80% of the company’s shares.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. 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 media content.

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Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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