Chico Wealth RIA Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Chico Wealth RIA reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,951 shares of the e-commerce giant’s stock after selling 296 shares during the period. Amazon.com accounts for about 0.4% of Chico Wealth RIA’s holdings, making the stock its 20th biggest position. Chico Wealth RIA’s holdings in Amazon.com were worth $428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fiera Capital Corp boosted its stake in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after buying an additional 44,615 shares in the last quarter. Beck Bode LLC acquired a new stake in shares of Amazon.com in the second quarter valued at about $651,000. Davidson Capital Management Inc. grew its position in Amazon.com by 22.4% during the second quarter. Davidson Capital Management Inc. now owns 17,086 shares of the e-commerce giant’s stock worth $3,302,000 after buying an additional 3,122 shares during the period. Callan Capital LLC increased its holdings in Amazon.com by 21.2% in the second quarter. Callan Capital LLC now owns 25,872 shares of the e-commerce giant’s stock valued at $5,000,000 after buying an additional 4,520 shares in the last quarter. Finally, Bridges Investment Management Inc. lifted its position in shares of Amazon.com by 134.7% during the 2nd quarter. Bridges Investment Management Inc. now owns 1,613,024 shares of the e-commerce giant’s stock valued at $311,717,000 after acquiring an additional 925,822 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN opened at $228.68 on Tuesday. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. The stock has a fifty day moving average of $228.21 and a 200-day moving average of $202.55. 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, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. Equities analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on AMZN. Barclays lifted their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Wolfe Research increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Rosenblatt Securities upped their price target on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. Canaccord Genuity Group lifted their price objective on Amazon.com from $265.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Evercore ISI boosted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a 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, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Insider Activity

In other news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction dated 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 transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $6,332,425.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,611 shares of company stock worth $11,122,402. 10.80% of the stock is 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.