Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Trimmed by 180 Wealth Advisors LLC

180 Wealth Advisors LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,236 shares of the e-commerce giant’s stock after selling 2,258 shares during the period. Amazon.com makes up 2.8% of 180 Wealth Advisors LLC’s portfolio, making the stock its 3rd biggest position. 180 Wealth Advisors LLC’s holdings in Amazon.com were worth $14,129,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of AMZN. PayPay Securities Corp increased its position in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Bruce G. Allen Investments LLC purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $57,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Amazon.com in the 3rd quarter worth approximately $49,000. Finally, AM Squared Ltd purchased a new position in shares of Amazon.com in the 3rd quarter worth approximately $76,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of recent research reports. Sanford C. Bernstein lifted their target price on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Telsey Advisory Group restated an “outperform” rating and set a $200.00 price objective on shares of Amazon.com in a report on Wednesday, March 27th. Canaccord Genuity Group boosted 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. Stifel Nicolaus upped their target price on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, BMO Capital Markets upped their target price on Amazon.com from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $203.13.

Amazon.com Stock Up 1.3 %

Shares of AMZN stock opened at $179.54 on Wednesday. The stock’s 50-day simple moving average is $177.60 and its 200-day simple moving average is $157.99. 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 firm has a market capitalization of $1.87 trillion, a PE ratio of 61.91, a P/E/G ratio of 1.52 and a beta of 1.17. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated 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 owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.