Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Sprinkle Financial Consultants LLC

Sprinkle Financial Consultants LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,541 shares of the e-commerce giant’s stock after selling 220 shares during the quarter. Amazon.com accounts for about 1.7% of Sprinkle Financial Consultants LLC’s investment portfolio, making the stock its 14th largest holding. Sprinkle Financial Consultants LLC’s holdings in Amazon.com were worth $2,532,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Accordant Advisory Group Inc lifted its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Hoese & Co LLP bought a new position in Amazon.com during the 3rd quarter worth approximately $37,000. Quattro Financial Advisors LLC grew its position in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $45,000. Finally, Iron Horse Wealth Management LLC raised its position in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock valued at $63,000 after acquiring an additional 112 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JMP Securities reiterated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Wedbush reiterated an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Oppenheimer upped their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Sanford C. Bernstein boosted their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $203.80 on Wednesday. The business has a fifty day simple moving average of $225.54 and a 200 day simple moving average of $206.49. 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, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock valued at $23,871,905 over the last three months. 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.