Burney Co. Sells 1,957 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Burney Co. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,082 shares of the e-commerce giant’s stock after selling 1,957 shares during the quarter. Amazon.com makes up about 1.3% of Burney Co.’s investment portfolio, making the stock its 12th largest position. Burney Co.’s holdings in Amazon.com were worth $36,437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Icon Wealth Advisors LLC grew its stake in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the period. PayPay Securities Corp grew its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter valued at about $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the third quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter valued at about $56,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $235.50 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $236.40. The business has a 50 day moving average price of $220.27 and a two-hundred day moving average price of $197.44. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.48 trillion, a PE ratio of 50.43, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the business posted $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Raymond James upped their price objective on Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. Tigress Financial upped their price objective on Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Oppenheimer upped their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $249.46.

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.