Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,181 shares of the e-commerce giant’s stock after selling 87 shares during the period. Amazon.com comprises about 0.4% of Traphagen Investment Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Traphagen Investment Advisors LLC’s holdings in Amazon.com were worth $3,989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rench Wealth Management Inc. grew its position in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after buying an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after purchasing an additional 16,392 shares in the last quarter. Blankinship & Foster LLC increased its position in shares of Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares during the period. Umpqua Bank raised its stake in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after buying an additional 137 shares in the last quarter. Finally, One Wealth Capital Management LLC bought a new stake in shares of Amazon.com in the 4th quarter worth $4,270,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMZN shares. Loop Capital raised their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Wedbush reissued an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday. Piper Sandler reiterated an “overweight” rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $260.20.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $206.75, for a total value of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at $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. In the last ninety days, insiders have sold 3,026,212 shares of company stock worth $625,666,424. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $229.15 on Friday. The stock has a market cap of $2.41 trillion, a PE ratio of 49.07, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock’s 50 day simple moving average is $226.51 and its 200-day simple moving average is $200.30. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Sell-side analysts forecast that Amazon.com, Inc. will post 5.3 EPS for the current year.

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.