Adamsbrown Wealth Consultants LLC Has $2.04 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Adamsbrown Wealth Consultants LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,304 shares of the e-commerce giant’s stock after selling 720 shares during the period. Amazon.com makes up 0.7% of Adamsbrown Wealth Consultants LLC’s portfolio, making the stock its 21st largest holding. Adamsbrown Wealth Consultants LLC’s holdings in Amazon.com were worth $2,041,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Horst & Graben Wealth Management LLC boosted its stake in Amazon.com by 5.5% during the fourth quarter. Horst & Graben Wealth Management LLC now owns 5,779 shares of the e-commerce giant’s stock worth $1,268,000 after buying an additional 300 shares in the last quarter. Level Wealth Management LLC acquired a new stake in Amazon.com during the fourth quarter worth $408,000. Western Pacific Wealth Management LP boosted its stake in Amazon.com by 0.9% during the fourth quarter. Western Pacific Wealth Management LP now owns 41,005 shares of the e-commerce giant’s stock worth $8,996,000 after buying an additional 357 shares in the last quarter. SkyOak Wealth LLC boosted its stake in Amazon.com by 4.0% during the fourth quarter. SkyOak Wealth LLC now owns 33,377 shares of the e-commerce giant’s stock worth $7,323,000 after buying an additional 1,292 shares in the last quarter. Finally, McAdam LLC boosted its stake in Amazon.com by 7.4% during the fourth quarter. McAdam LLC now owns 27,351 shares of the e-commerce giant’s stock worth $6,000,000 after buying an additional 1,896 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price objective on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. DA Davidson lifted their price objective on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Susquehanna lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “positive” 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Price Performance

Shares of AMZN opened at $212.71 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a 50 day simple moving average of $227.48 and a 200 day simple moving average of $204.88. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market capitalization of $2.25 trillion, a PE ratio of 38.46, a P/E/G ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued 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%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,852 shares of company stock worth $9,324,151. 10.80% of the stock is owned by company 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.