Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 91,341 shares of the e-commerce giant’s stock after selling 403 shares during the period. Amazon.com makes up 2.5% of Institute for Wealth Management LLC.’s investment portfolio, making the stock its 4th biggest position. Institute for Wealth Management LLC.’s holdings in Amazon.com were worth $20,039,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com in the 3rd quarter worth $45,000. Values First Advisors Inc. purchased a new position in Amazon.com in the 3rd quarter worth $56,000. Finally, IFS Advisors LLC raised its position in Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. Roth Mkm lifted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group lifted their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Two investment 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 company. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Trading Down 2.8 %

NASDAQ:AMZN opened at $216.58 on Friday. The stock has a market cap of $2.30 trillion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.57 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average price is $227.88 and its 200-day moving average price is $203.96. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week 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 (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction 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 sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,852 shares of company stock valued at $9,324,151 over the last ninety days. Insiders own 10.80% of the company’s stock.

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.