Private Wealth Partners LLC Reduces Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Private Wealth Partners LLC has trimmed its investment in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the second quarter, as indicated in its latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm currently holds 368,315 shares of Amazon after offloading 1,101 shares during this period. Amazon constitutes 5.3% of the total holdings of Private Wealth Partners LLC, making it the firm’s fifth-largest investment. The reported value of this stake was approximately $71,177,000 as of the most recent SEC filing.

Additionally, other institutional investors have also been active with their positions in Amazon. For instance, Madison Wealth Partners Inc increased its stake in Amazon by an impressive 38.4% in the fourth quarter, now owning 17,512 shares valued at $2,661,000 after purchasing an extra 4,859 shares during that time. Taylor Financial Group Inc. and Voisard Asset Management Group Inc. both took new positions in Amazon during the fourth quarter, with investments valued at $843,000 and $557,000, respectively. Sunpointe LLC also entered the fray with a new stake valued at $3,045,000. Furthermore, Prospect Financial Services LLC acquired a position valued at $3,189,000. Currently, institutional investors and hedge funds own about 72.20% of Amazon's shares.

Amazon Stock Overview

As of the latest trading session, Amazon.com, Inc. shares opened at $188.82. The stock has experienced fluctuations, recording a 52-week low of $118.35 and a high of $201.20. The firm’s fifty-day moving average stands at $179.58 while its 200-day moving average is $183.17. Amazon has a debt-to-equity ratio of 0.23, a quick ratio of 0.88, and a current ratio of 1.10. The company's market capitalization is around $1.98 trillion, with a price-to-earnings ratio of 45.17, a PEG ratio of 1.38, and a beta of 1.14.

On August 1st, Amazon announced its quarterly earnings, reporting earnings per share (EPS) of $1.23, which surpassed the analyst consensus estimate of $1.05 by $0.18. Moreover, the company reported a return on equity of 21.39% and a net margin of 7.35%, with total revenue reaching $147.98 billion against analysts' expectations of $148.63 billion. Analysts predict that Amazon.com, Inc. will record an EPS of 4.85 for the current fiscal year.

Insider Transactions

In recent insider activity, senior vice president David Zapolsky offloaded 2,190 shares of Amazon on September 24th at an average price of $195.00, totaling $427,050.00. After this transaction, he retains 62,420 shares valued at around $12,171,900, marking a negligible decrease in his holdings. Disclosure of this transaction was made available through a filing with the SEC. Additionally, CEO Douglas J. Herrington sold 3,500 shares on August 1st at an average price of $189.25, which amounted to $662,375.00. Post-transaction, Herrington owns 503,753 shares worth $95,335,255.25. Recently, there have been total insider sales of 54,355 shares valued at $9,877,423 over the past three months, with corporate insiders owning about 10.80% of the stock.

Analyst Recommendations

Several brokerages have recently provided insights on AMZN. Benchmark reiterated a “buy” rating and set a price target of $200.00 on the shares. Evercore ISI has given an “outperform” rating with a price target of $240.00, while Rosenblatt Securities adjusted their target price to $221.00 with a “buy” rating. TD Cowen raised their price target from $225.00 to $245.00, also rating the stock as a “buy.” Furthermore, Barclays increased their target price from $220.00 to $235.00 with an “overweight” rating. Currently, there are two analysts recommending a hold rating, 42 analysts suggesting a buy rating, and one analyst endorsing a strong buy rating for the stock, resulting in a consensus rating of “Moderate Buy” and a target price of $224.00 based on MarketBeat data.

About Amazon.com, Inc.

Amazon.com, Inc. operates in the retail sales sector, providing a variety of consumer products, advertising, and subscription services through both online and physical locations, domestically and globally. The company functions through three distinct segments: North America, International, and Amazon Web Services (AWS). Additionally, Amazon manufactures and sells a range of electronic devices, which includes Kindles, Fire tablets, Fire TVs, Echo devices, Ring, Blink, and eero, while also developing and producing media content.

Investment, Shares, Reduction