Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Professional Advisory Services Inc.

Professional Advisory Services Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,415 shares of the e-commerce giant’s stock after selling 287 shares during the quarter. Amazon.com comprises 3.5% of Professional Advisory Services Inc.’s portfolio, making the stock its 9th largest position. Professional Advisory Services Inc.’s holdings in Amazon.com were worth $25,102,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Hoese & Co LLP acquired a new stake in Amazon.com in the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new position in shares of Amazon.com during the third quarter valued at $45,000. Values First Advisors Inc. purchased a new position in Amazon.com during the third quarter valued at approximately $56,000. IFS Advisors LLC raised its stake in shares of Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at about $88,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen lifted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Scotiabank upped their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Loop Capital raised their target price on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley upped their price target on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $250.33.

Amazon.com Trading Up 1.3 %

NASDAQ:AMZN opened at $237.68 on Friday. The business’s 50-day simple moving average is $223.02 and its 200-day simple moving average is $198.55. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $241.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market capitalization of $2.50 trillion, a PE ratio of 50.90, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

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.