Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,905 shares of the e-commerce giant’s stock after selling 392 shares during the period. Amazon.com makes up approximately 0.7% of Opal Wealth Advisors LLC’s holdings, making the stock its 24th largest position. Opal Wealth Advisors LLC’s holdings in Amazon.com were worth $2,392,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC lifted its holdings in shares of Amazon.com by 11.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 7,074 shares of the e-commerce giant’s stock worth $1,552,000 after purchasing an additional 721 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in Amazon.com during the 4th quarter worth $596,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Amazon.com in the 4th quarter worth $2,729,000. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Amazon.com by 1.1% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 595,067 shares of the e-commerce giant’s stock valued at $130,552,000 after acquiring an additional 6,193 shares in the last quarter. Finally, Elevate Capital Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $4,681,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ:AMZN opened at $199.25 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.11 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19. The stock’s 50-day moving average price is $224.11 and its two-hundred day moving average price is $206.61. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,649 shares of company stock worth $23,871,905 in the last quarter. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMZN shares. Maxim Group raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Oppenheimer upped their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Mizuho raised their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two research 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 company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

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.