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

Private Wealth Partners LLC has made a slight adjustment to its investment in Amazon.com, Inc. (NASDAQ:AMZN), decreasing its holdings by 0.3% during the second quarter, as detailed in the latest Form 13F filing with the SEC. Following the sale of 1,101 shares, the institutional investor now holds a total of 368,315 shares of the well-known e-commerce company. This stake now represents 5.3% of Private Wealth Partners LLC’s total portfolio, making it the fifth largest holding. The value of this investment stood at approximately $71,177,000 as per the most recent filing.

In addition to Private Wealth Partners LLC, several other institutional investors have also made changes to their positions in Amazon.com recently. For instance, Madison Wealth Partners Inc increased its stake by 38.4% in the fourth quarter, resulting in ownership of 17,512 shares valued at $2,661,000 after acquiring an additional 4,859 shares. Other investors, including Taylor Financial Group Inc., Voisard Asset Management Group Inc., Sunpointe LLC, and Prospect Financial Services LLC, have established new positions in Amazon.com during the fourth quarter, investing amounts ranging from $557,000 to $3,189,000. Overall, institutional investors and hedge funds control about 72.20% of Amazon's shares.

Performance of Amazon.com Stock

As of Friday, Amazon.com, Inc. stock opened at $188.82, having reached a 52-week low of $118.35 and a high of $201.20 over the same period. The stock's fifty-day moving average is $179.58 and its 200-day moving average stands at $183.17. The company maintains a healthy debt-to-equity ratio of 0.23, with a quick ratio of 0.88 and a current ratio of 1.10. With a market capitalization of $1.98 trillion, Amazon's trading statistics include a price-to-earnings ratio of 45.17 and a PEG ratio of 1.38, along with a beta value of 1.14, indicating its relative volatility in the market.

Recently, Amazon.com reported its quarterly earnings on August 1st, revealing earnings per share of $1.23, exceeding analysts' expectations of $1.05 by $0.18. The company reported a net margin of 7.35% and a return on equity of 21.39%. Total revenue for the quarter amounted to $147.98 billion, slightly missing the projections of $148.63 billion by analysts. Future earnings projections estimate an EPS of 4.85 for the current year.

Insider Transactions

In related news, several transactions by company insiders have been noted. On September 24th, SVP David Zapolsky sold 2,190 shares at an average price of $195.00, totaling $427,050. Following this sale, he retains ownership of 62,420 shares in Amazon.com, valued at approximately $12,171,900, reflecting no change in his overall position percentage-wise. Additionally, on August 1st, CEO Douglas J. Herrington sold 3,500 shares at an average price of $189.25 for a total transaction value of $662,375, while maintaining ownership of 503,753 shares valued at $95,335,255. Over the past three months, insiders have sold 54,355 shares worth $9,877,423, while corporate insiders currently hold 10.80% of Amazon's stock.

Analysts' Perspectives

Wall Street analysts have issued several reports on Amazon.com recently. Benchmark maintained a “buy” rating while setting a price target of $200.00 as of August 2nd. Evercore ISI echoed a similar sentiment, reissuing an “outperform” rating with a price objective of $240.00. Other analysts, including those from Rosenblatt Securities and TD Cowen, raised their price targets to $221.00 and $245.00, respectively, while offering a “buy” rating. Barclays also raised their price target from $220.00 to $235.00, maintaining an “overweight” rating. Overall, two analysts rate the stock as a hold, while 42 have rated it a buy, resulting in a consensus rating of “Moderate Buy” with a target price of $224.00.

Company Overview

Amazon.com, Inc. is involved in the retail sale of products, advertising, and subscription services through both online and physical platforms, operating across North America and internationally. It functions through three key segments: North America, International, and Amazon Web Services (AWS). Additionally, the company manufactures and sells various electronic devices, including but not limited to Kindle readers, Fire tablets, Fire TVs, Echo devices, and security products, while also developing media content.

Investment, Stocks, Holding