St. Johns Investment Management Company LLC Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

St. Johns Investment Management Company LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,996 shares of the e-commerce giant’s stock after selling 328 shares during the period. Amazon.com accounts for about 2.3% of St. Johns Investment Management Company LLC’s investment portfolio, making the stock its 10th biggest holding. St. Johns Investment Management Company LLC’s holdings in Amazon.com were worth $5,045,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Icon Wealth Advisors LLC raised its position in shares of Amazon.com by 20.5% in the 3rd 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. Hoese & Co LLP bought a new stake in Amazon.com in the third quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com in the third quarter worth $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com during the third quarter worth $56,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Amazon.com by 1.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock valued at $66,000 after buying an additional 3,055 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group raised their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. TD Cowen raised their price target on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Redburn Atlantic boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler restated an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.52.

Amazon.com Trading Down 0.2 %

Shares of AMZN stock opened at $232.76 on Wednesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.45 trillion, a PE ratio of 42.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The firm has a 50 day moving average price of $227.38 and a two-hundred day moving average price of $201.24. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. As a group, analysts predict that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,850 shares of company stock valued at $6,168,581. 10.80% of the stock is currently owned by corporate insiders.

About Amazon.com

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.