Highland Financial Advisors LLC Sells 463 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Highland Financial Advisors LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,402 shares of the e-commerce giant’s stock after selling 463 shares during the period. Highland Financial Advisors LLC’s holdings in Amazon.com were worth $669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC increased its holdings in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares in the last quarter. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% in the 2nd 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. bought a new stake in shares of Amazon.com in the 4th quarter worth $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com in the 1st quarter worth $38,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wolfe Research lifted their target price on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Bank of America lifted their price objective on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Wednesday, March 27th. Royal Bank of Canada lifted their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Wells Fargo & Company lifted their price objective on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $198.09.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the business’s 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 sale, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock valued at $5,505,874,846 over the last ninety days. 12.70% of the stock is owned by insiders.

Amazon.com Trading Up 0.1 %

Shares of AMZN stock opened at $185.19 on Tuesday. Amazon.com, Inc. has a 12-month low of $97.71 and a 12-month high of $187.29. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $174.30 and its 200-day moving average price is $153.73. The stock has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 63.86, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping 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 company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Amazon.com Company Profile

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.