Capital Performance Advisors LLP Has $4.31 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Performance Advisors LLP reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,638 shares of the e-commerce giant’s stock after selling 439 shares during the quarter. Amazon.com makes up 1.4% of Capital Performance Advisors LLP’s investment portfolio, making the stock its 13th largest holding. Capital Performance Advisors LLP’s holdings in Amazon.com were worth $4,308,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the period. MBM Wealth Consultants LLC grew its holdings in shares of Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after purchasing an additional 48 shares during the last quarter. Semus Wealth Partners LLC grew its holdings in shares of Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after purchasing an additional 49 shares during the last quarter. GGM Financials LLC grew its holdings in shares of Amazon.com by 2.1% during the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock worth $540,000 after purchasing an additional 50 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its holdings in shares of Amazon.com by 1.5% during the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after purchasing an additional 51 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN opened at $197.95 on Monday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a fifty day simple moving average of $221.65 and a 200 day simple moving average of $207.76. The stock has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 35.80, a PEG 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 (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 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%. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AMZN shares. Oppenheimer increased their target price on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a 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. Jefferies Financial Group increased their target price on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Two investment 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 stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The shares were 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 approximately $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by 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.