Financial Freedom LLC Has $470,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Financial Freedom LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,144 shares of the e-commerce giant’s stock after selling 133 shares during the period. Financial Freedom LLC’s holdings in Amazon.com were worth $470,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Icon Wealth Advisors LLC raised its stake in shares of 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 buying an additional 25,581 shares during the period. Hoese & Co LLP purchased a new position in shares of Amazon.com in the 3rd quarter worth about $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com during the 3rd quarter valued at about $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com during the 3rd quarter valued at about $56,000. Finally, IFS Advisors LLC raised its position in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $237.42 on Tuesday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $241.77. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $223.83 and a 200 day simple moving average of $198.98. The stock has a market capitalization of $2.50 trillion, a PE ratio of 50.84, a P/E/G ratio of 1.35 and a beta of 1.15.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Moffett Nathanson increased their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Raymond James lifted their target price on Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Piper Sandler raised their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Pivotal Research initiated coverage on Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $251.44.

Insider Transactions 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 stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,027,340 shares of company stock worth $1,252,456,773. 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.