Strategic Advocates LLC Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Advocates LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,089 shares of the e-commerce giant’s stock after selling 2,578 shares during the period. Amazon.com makes up approximately 2.0% of Strategic Advocates LLC’s portfolio, making the stock its 12th biggest holding. Strategic Advocates LLC’s holdings in Amazon.com were worth $5,943,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of 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 valued at $27,000 after acquiring an additional 100 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com during the 3rd quarter valued at $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the 3rd quarter valued at $45,000. Finally, Values First Advisors Inc. acquired a new position in shares of Amazon.com during the 3rd quarter valued at $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,852 shares of company stock valued at $9,324,151. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMZN shares. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Mizuho boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Scotiabank boosted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Maxim Group boosted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Trading Down 2.8 %

Shares of NASDAQ:AMZN opened at $216.58 on Friday. The company has a 50 day moving average of $227.88 and a 200-day moving average of $203.96. The firm has a market cap of $2.30 trillion, a P/E ratio of 39.16, a P/E/G ratio of 1.57 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.