Resolute Wealth Strategies LLC Sells 419 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Resolute Wealth Strategies LLC trimmed its holdings in shares of Amazon.com, Inc. ( NASDAQ:AMZN ) by 0.

9% in the fourth quarter, HoldingsChannel reports. The firm owned 44,473 shares of the e-commerce giant’s stock after selling 419 shares during the period. Amazon.



com makes up about 5.0% of Resolute Wealth Strategies LLC’s portfolio, making the stock its 3rd biggest holding. Resolute Wealth Strategies LLC’s holdings in Amazon.

com were worth $9,757,000 as of its most recent SEC filing. A number of other institutional investors also recently made changes to their positions in AMZN. Proficio Capital Partners LLC raised its position in shares of Amazon.

com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter.

Parnassus Investments LLC grew its stake in Amazon.com by 82,457.3% in the 3rd quarter.

Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after acquiring an additional 11,391,479 shares during the period. State Street Corp raised its holdings in Amazon.com by 3.

3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Amazon.

com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the period.

Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Amazon.com by 23,742.9% during the fourth quarter.

Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock worth $1,119,463,000 after purchasing an additional 5,081,217 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In Several equities analysts recently weighed in on AMZN shares. Jefferies Financial Group reduced their target price on Amazon.com from $275.

00 to $250.00 and set a “buy” rating on the stock in a research report on Monday. Maxim Group increased their price objective on shares of Amazon.

com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th.

Oppenheimer boosted their target price on shares of Amazon.com from $230.00 to $260.

00 and gave the company an “outperform” rating in a report on Friday, February 7th. Benchmark lifted their price target on shares of Amazon.com from $215.

00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Barclays upped their price objective on Amazon.

com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th.

Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.53.

Amazon.com Stock Down 9.0 % Shares of Amazon.

com stock opened at $178.41 on Friday. The business has a 50-day moving average price of $213.

46 and a 200 day moving average price of $209.01. Amazon.

com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.

52. The firm has a market cap of $1.89 trillion, a P/E ratio of 32.

26, a P/E/G ratio of 1.50 and a beta of 1.19.

The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.

18. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last issued its earnings results on Thursday, February 6th.

The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.

34. Amazon.com had a return on equity of 24.

25% and a net margin of 9.29%. On average, sell-side analysts forecast that Amazon.

com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.

com stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.

00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26.

The trade was a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink .

Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.

65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.

90. This represents a 0.97 % decrease in their position.

The disclosure for this sale can be found here . Insiders sold a total of 104,798 shares of company stock worth $23,341,803 over the last 90 days. Insiders own 10.

80% of the company’s stock. Amazon.com Profile ( 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.

Read More Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc.

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