Householder Group Estate & Retirement Specialist LLC Sells 18,595 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Householder Group Estate & Retirement Specialist LLC has reduced its investment in Amazon.com, Inc. (NASDAQ:AMZN) by 51.6% during the fourth quarter, as indicated in its most recent filing with the Securities and Exchange Commission. After selling 18,595 shares, the institutional investor now holds a total of 17,463 shares of the retail giant, which represents about 2.9% of its overall investment portfolio. This makes Amazon.com the firm's sixth-largest position, valued at approximately $3,831,000 as per the latest SEC disclosure.

Changes in Institutional Holdings

Recently, several other institutional investors and hedge funds have also adjusted their positions in AMZN. For instance, Walker Asset Management LLC increased its stake in Amazon by 2.0% during the fourth quarter, now owning 8,502 shares worth about $1,865,000 after acquiring an additional 167 shares. Another firm, Chemistry Wealth Management LLC, raised its position by 8.5%, now holding 50,672 shares valued at $11,117,000 following the purchase of 3,977 shares.
Relyea Zuckerberg Hanson LLC expanded its holdings by 6.0%, bringing its ownership to 32,106 shares worth around $7,044,000 after buying an extra 1,809 shares. CNB Bank increased its stake by 1.1%, owning 43,907 shares valued at $9,633,000 after acquiring 481 additional shares during the period. Finally, Saxon Interests Inc. raised its holdings in Amazon.com by 1.0%, resulting in ownership of 25,775 shares worth about $5,655,000. Overall, institutional investors control about 72.20% of Amazon's stock.

Analyst Ratings for Amazon.com

Amazon.com has also been a focus for several analysts who have released reports on the stock recently. JMP Securities maintained a "market outperform" rating with a price target of $285.00. The Telsey Advisory Group raised its target from $215.00 to $235.00 while still giving an "outperform" rating in a recent report.
BMO Capital Markets restated an "outperform" rating with a price objective of $236.00. Needham & Company LLC reiterated a "buy" rating with a target price of $250.00. Additionally, The Goldman Sachs Group elevated its target on Amazon shares from $230.00 to $240.00, also providing a "buy" rating. The consensus rating is "Moderate Buy," with analysts giving an average target price of $249.46.

Insider Trading Activity

In related insider news, CEO Douglas J. Herrington sold 5,502 shares on November 15 at an average price of $205.81, totaling approximately $1,132,366.62. Now, he owns 518,911 shares valued at about $106,797,072.91, reflecting a 1.05% decrease in his position. Similarly, Director Daniel P. Huttenlocher sold 1,237 shares at an average price of $199.06 on November 19, amounting to around $246,237.22. Post-transaction, he directly owns 24,912 shares worth about $4,958,982.72, representing a 4.73% drop in his stake. Over the last 90 days, company insiders have sold 6,027,340 shares valued at approximately $1,252,456,773, with insiders holding about 10.80% of the company stock.

Current Trading Details of Amazon.com

As of the latest trading, NASDAQ AMZN opened at $234.64. The company holds a market capitalization of $2.47 trillion, with a price-to-earnings ratio of 50.24, a PEG ratio of 1.31, and a beta of 1.14. Amazon's fifty-day moving average stands at $222.30, while its 200-day moving average is $198.30. The stock has experienced a 1-year low of $151.61 and a high of $241.77.
For the last quarter ending on October 31, Amazon reported earnings of $1.43 per share, which surpassed analysts' expectations of $1.14 by $0.29. The net margin for the company was 8.04%, while return on equity stood at 22.41%. The revenue recorded for the quarter was $158.88 billion, exceeding projections of $157.28 billion, marking an 11.0% increase year-over-year.

About Amazon.com, Inc.

Amazon.com, Inc. is engaged in the retail sale of consumer products alongside offering advertising and subscription services through both online and physical stores on a global scale. The company operates in three primary segments: North America, International, and Amazon Web Services (AWS). Additionally, Amazon manufacturers and sells electronic devices like Kindle, Fire tablets, Fire TVs, Echo, and others while also developing media content.

Householder, Amazon, Investments