Stockman Wealth Management Inc. Lowers Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Stockman Wealth Management Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 89,342 shares of the e-commerce giant’s stock after selling 52 shares during the period. Amazon.com makes up about 3.1% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 6th biggest position. Stockman Wealth Management Inc.’s holdings in Amazon.com were worth $19,601,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AMZN. Howland Capital Management LLC raised its position in Amazon.com by 2.8% in the fourth quarter. Howland Capital Management LLC now owns 73,394 shares of the e-commerce giant’s stock worth $16,102,000 after purchasing an additional 1,999 shares in the last quarter. Visionary Horizons LLC grew its stake in shares of Amazon.com by 6.0% in the 4th quarter. Visionary Horizons LLC now owns 4,618 shares of the e-commerce giant’s stock valued at $1,013,000 after purchasing an additional 262 shares during the period. Quotient Wealth Partners LLC raised its holdings in shares of Amazon.com by 15.8% in the 4th quarter. Quotient Wealth Partners LLC now owns 37,056 shares of the e-commerce giant’s stock worth $8,130,000 after buying an additional 5,050 shares in the last quarter. Benedict Financial Advisors Inc. lifted its position in shares of Amazon.com by 3.4% during the 4th quarter. Benedict Financial Advisors Inc. now owns 18,655 shares of the e-commerce giant’s stock worth $4,093,000 after buying an additional 618 shares during the period. Finally, Summit Wealth & Retirement Planning Inc. boosted its stake in Amazon.com by 6.8% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 3,157 shares of the e-commerce giant’s stock valued at $693,000 after buying an additional 200 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 3.7 %

AMZN opened at $200.70 on Friday. The firm’s fifty day simple moving average is $224.60 and its 200 day simple moving average is $206.46. The stock has a market capitalization of $2.13 trillion, a P/E ratio of 36.29, a P/E/G ratio of 1.50 and a beta of 1.19. 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 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMZN. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Jefferies Financial Group increased their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Morgan Stanley boosted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Rosenblatt Securities raised their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Moffett Nathanson boosted their target price on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 106,649 shares of company stock valued at $23,871,905 in the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com 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.