Asio Capital LLC Sells 314 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Asio Capital LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,467 shares of the e-commerce giant’s stock after selling 314 shares during the period. Amazon.com makes up approximately 2.4% of Asio Capital LLC’s investment portfolio, making the stock its 11th largest holding. Asio Capital LLC’s holdings in Amazon.com were worth $12,608,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. First Citizens Bank & Trust Co. lifted its holdings in shares of Amazon.com by 26.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 244,542 shares of the e-commerce giant’s stock valued at $53,650,000 after purchasing an additional 50,995 shares in the last quarter. Archford Capital Strategies LLC increased its position in shares of Amazon.com by 2.0% in the fourth quarter. Archford Capital Strategies LLC now owns 44,670 shares of the e-commerce giant’s stock valued at $9,800,000 after acquiring an additional 893 shares during the last quarter. Duncan Williams Asset Management LLC increased its position in shares of Amazon.com by 65.7% in the fourth quarter. Duncan Williams Asset Management LLC now owns 21,746 shares of the e-commerce giant’s stock valued at $4,771,000 after acquiring an additional 8,623 shares during the last quarter. Smith Chas P & Associates PA Cpas increased its position in shares of Amazon.com by 1.5% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 25,175 shares of the e-commerce giant’s stock valued at $5,523,000 after acquiring an additional 382 shares during the last quarter. Finally, Affiance Financial LLC increased its position in shares of Amazon.com by 9.0% in the fourth quarter. Affiance Financial LLC now owns 11,628 shares of the e-commerce giant’s stock valued at $2,551,000 after acquiring an additional 965 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.6 %

Shares of NASDAQ:AMZN opened at $230.37 on Friday. The company has a fifty day moving average of $227.98 and a 200-day moving average of $201.78. The company has a market capitalization of $2.42 trillion, a PE ratio of 41.66, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

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, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. On average, equities analysts predict that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Insider Activity 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 in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the 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 completion of the sale, the director now owns 24,912 shares of the company’s stock, 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 sold 24,348 shares of company stock worth $5,036,214 over the last three months. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMZN shares. Wolfe Research lifted their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Loop Capital lifted their target price on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday. Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Redburn Atlantic boosted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two research 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’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $260.74.

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.