Aletheian Wealth Advisors LLC Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Aletheian Wealth Advisors LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,719 shares of the e-commerce giant’s stock after selling 784 shares during the quarter. Amazon.com comprises about 1.1% of Aletheian Wealth Advisors LLC’s holdings, making the stock its 23rd biggest holding. Aletheian Wealth Advisors LLC’s holdings in Amazon.com were worth $1,629,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Mayflower Financial Advisors LLC grew its holdings in shares of Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 572 shares in the last quarter. PayPay Securities Corp raised its holdings in shares of Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. Laurel Wealth Planning LLC raised its holdings in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $174.48 on Tuesday. The firm has a market cap of $1.81 trillion, a PE ratio of 60.17, a price-to-earnings-growth ratio of 1.56 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The business’s 50 day moving average price is $166.80 and its two-hundred day moving average price is $149.35. Amazon.com, Inc. has a 52-week low of $95.70 and a 52-week high of $180.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter last year, the firm posted $0.21 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMZN. Susquehanna upped their price objective on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. Canaccord Genuity Group raised their price objective on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. lifted their price target on Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Evercore ISI raised their price objective on Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Piper Sandler raised their price objective on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average target price of $197.95.

Check Out Our Latest Stock Report on Amazon.com

Insider Buying and Selling

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the transaction, the chief executive officer now owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the transaction, the chief executive officer now directly owns 118,560 shares in the company, valued at approximately $17,265,892.80. The disclosure for this sale can be found here. Insiders sold 32,210,510 shares of company stock valued at $5,505,209,706 over the last 90 days. Company insiders own 12.30% 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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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