Vigilare Wealth Management Reduces Amazon.com, Inc. (NASDAQ:AMZN) Holdings by Selling 2,014 Shares

2 min read | January 24, 2025 02:05 AM PST | By Team Kalkine Media

Vigilare Wealth Management Reduces Amazon.com, Inc. (NASDAQ:AMZN) Holdings by Selling 2,014 Shares

Investment Activity Insights

Vigilare Wealth Management trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the fourth quarter, according to their latest Securities and Exchange Commission filing. The firm now holds 21,267 shares valued at $4,666,000, making Amazon the ninth largest holding in their portfolio. This move follows the sale of 2,014 shares during the quarter.

Over recent quarters, several hedge funds and investment corporations have actively engaged in buying and selling Amazon shares. For instance, Icon Wealth Advisors LLC increased its position by 20.5% in the third quarter. They now own a total of 150,661 shares. Similarly, PayPay Securities Corp saw significant growth with a 64.6% increase in their holdings during the second quarter.

Insider Activity

Corporate insiders have been actively trading Amazon shares, as evidenced by recent sales from board members. Director Daniel P. Huttenlocher sold 1,237 shares for a total of $246,237, while Director Jonathan Rubinstein disposed of 4,351 shares worth $1,000,077. The market reacted with corporate insiders holding a 10.8% stake in the company.

Financial Performance

Amazon's shares opened at $235.42 with a market cap of $2.48 trillion. The company showed a keen performance in its quarterly earnings release, reporting a revenue of $158.88 billion which surpassed analysts' expectations. The firm reported an EPS of $1.43, outpacing the consensus estimate of $1.14. Amazon continues to display strong financial metrics with a 22.41% return on equity and a net margin of 8.04%.

Analyst Perspectives

Research analysts remain optimistic about Amazon's prospects. Moffett Nathanson adjusted their price target from $235.00 to $248.00. Deutsche Bank evolved their target to $232.00, while Tigress Financial raised it to $290.00. Across 45 analysts, Amazon holds a consensus rating of "Moderate Buy" backed by favorable price targets, reflecting confidence in its future trajectory.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and offers advertising and subscription services through its expansive online and physical retail operations worldwide. The company is divided into segments: North America, International, and Amazon Web Services (AWS). It also produces electronic devices and develops media content, reinforcing its multi-industry influence.

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