OLIO Financial Planning Sells 339 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

OLIO Financial Planning cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,481 shares of the e-commerce giant’s stock after selling 339 shares during the period. Amazon.com makes up approximately 0.3% of OLIO Financial Planning’s investment portfolio, making the stock its 24th largest holding. OLIO Financial Planning’s holdings in Amazon.com were worth $983,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hoese & Co LLP acquired a new position in shares of Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the third quarter valued at approximately $45,000. Values First Advisors Inc. bought a new stake in Amazon.com in the third quarter valued at approximately $56,000. IFS Advisors LLC raised its stake in Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after buying an additional 325 shares during the period. Finally, West Financial Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $88,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN stock opened at $228.68 on Friday. The company has a market capitalization of $2.40 trillion, a P/E ratio of 41.35, 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. The business has a 50-day simple moving average of $228.18 and a two-hundred day simple moving average of $201.98.

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

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Scotiabank upped their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Tigress Financial upped their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Loop Capital upped 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. Finally, Monness Crespi & Hardt upped their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.74.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,848 shares of company stock worth $11,368,639. 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.