Nelson Capital Management LLC Holds $13.36 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Recently, Nelson Capital Management LLC has revised its investment in Amazon.com, Inc. (NASDAQ:AMZN), reducing its stake by 2.6% in the last quarter of the year. According to the most recent filing with the Securities and Exchange Commission (SEC), the institutional investor currently owns 60,890 shares of Amazon after selling 1,643 shares during that period. Amazon's stock constitutes about 2.2% of Nelson Capital Management's total portfolio, making it the firm's 11th largest holding. At the conclusion of the latest reporting period, the value of Nelson's holdings in Amazon stood at approximately $13.36 million.

Aside from Nelson Capital Management, other hedge funds and institutional investors have also changed their positions in Amazon. For instance, Accordant Advisory Group Inc experienced a significant increase in its Amazon stock by 400% during the fourth quarter, now holding 125 shares valued at $27,000 after acquiring 100 additional shares. Similarly, Icon Wealth Advisors LLC raised its stake by 20.5% in the third quarter, now holding 150,661 shares worth $28,000 after adding 25,581 shares. In addition, Bull Oak Capital LLC initiated a new position in Amazon in the third quarter valued at about $45,000. Quattro Financial Advisors LLC also grew its investment in Amazon by 23.8% in the final quarter, increasing its stake to 234 shares valued at $51,000 after acquiring 45 more shares.

It is noteworthy that institutional investors collectively own approximately 72.20% of Amazon's stock.

Insider Activity at Amazon.com

In recent insider trade news, VP Shelley Reynolds sold 8,833 shares of Amazon on February 21st at an average price of $222.47. This transaction totaled approximately $1,965,077.51. After the sale, Reynolds retained 119,780 shares, now valued at around $26.65 million, reflecting a 6.87% reduction in her stake. Similarly, CEO Douglas J. Herrington sold 27,500 shares on February 12th at an average price of $230.27, bringing in approximately $6.33 million. Following this trade, the CEO owns 497,067 shares valued at about $114.46 million, which indicates a 5.24% decrease in his holding. According to SEC filings, insiders have collectively sold 102,298 shares of Amazon, totaling $22.87 million, with corporate insiders holding about 10.80% of the company's stock.

Amazon Stock Performance

As of the last trading session, shares of Amazon opened at $192.72. The company holds a market capitalization of $2.04 trillion with a price-to-earnings ratio of 34.85 and a PEG ratio of 1.50. The stock has seen fluctuations, with a 50-day moving average price of $216.86 and a 200-day moving average price of $208.87. Amazon's debt-to-equity ratio stands at 0.18, and it has a quick ratio of 0.87, alongside a current ratio of 1.06. Over the past year, Amazon has recorded a low of $151.61 and a high of $242.52.

Amazon.com (NASDAQ:AMZN) last reported quarterly earnings on February 6th, revealing earnings per share (EPS) of $1.86, which surpassed analysts’ expectations of $1.52 by $0.34. The firm experienced a net margin of 9.29% and a return on equity of 24.25%. Analysts predict that Amazon will report an EPS of 6.31 for the current year.

Analyst Outlook and Price Targets

Recently, several analysts have revised their price targets for Amazon stock. Barclays set a new target of $265.00, up from $235.00, maintaining an "overweight" rating. DA Davidson increased its price target to $280.00 from $235.00 and assigned a “buy” rating. Mizuho raised its price objective to $260.00 from $240.00, also giving an “outperform” rating. Piper Sandler reiterated an “overweight” rating with a target of $265.00, up from $225.00. Jefferies Financial Group has also set their target price at $275.00, previously $235.00, categorizing it as a “buy.” In total, two analysts rated the stock as hold, while 42 rated it as buy, and one as strong buy. According to MarketBeat, Amazon currently has a consensus rating of “Moderate Buy” and a target price averaging $260.65.

About Amazon.com

Amazon.com, Inc. operates a comprehensive retail business offering consumer products, advertising, and subscription services through both online and brick-and-mortar stores in North America and globally. The company is divided into three segments: North America, International, and Amazon Web Services (AWS). Amazon also develops and sells electronics such as Kindle readers, Fire tablets, Echo smart speakers, and various streaming devices, while also producing media content.

Nelson, Investment, Amazon