Amazon.com, Inc. (NASDAQ:AMZN) Stake Lowered by FSC Wealth Advisors LLC

FSC Wealth Advisors LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,008 shares of the e-commerce giant’s stock after selling 62 shares during the period. Amazon.com accounts for 0.6% of FSC Wealth Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. FSC Wealth Advisors LLC’s holdings in Amazon.com were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. Fiera Capital Corp boosted its holdings in Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares in the last quarter. Beck Bode LLC bought a new stake in Amazon.com in the second quarter worth $651,000. Capco Asset Management LLC lifted its position in Amazon.com by 1.7% during the 2nd quarter. Capco Asset Management LLC now owns 147,495 shares of the e-commerce giant’s stock worth $28,503,000 after acquiring an additional 2,526 shares during the last quarter. MRP Capital Investments LLC lifted its position in Amazon.com by 4.2% during the 2nd quarter. MRP Capital Investments LLC now owns 9,130 shares of the e-commerce giant’s stock worth $1,764,000 after acquiring an additional 365 shares during the last quarter. Finally, WCG Wealth Advisors LLC lifted its position in Amazon.com by 7.3% during the 2nd quarter. WCG Wealth Advisors LLC now owns 123,523 shares of the e-commerce giant’s stock worth $23,871,000 after acquiring an additional 8,429 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $228.68 on Monday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.42 trillion, a PE ratio of 41.35, a PEG 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. The firm’s 50 day moving average price is $228.21 and its two-hundred day moving average price is $202.44.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 net margin of 9.29% and a return on equity of 25.49%. As a group, analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus boosted their target price on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Oppenheimer boosted their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. HSBC boosted their target price on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Barclays upped their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Two equities 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,848 shares of company stock valued at $11,368,639. 10.80% of the stock is currently owned by insiders.

Amazon.com Company 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.