Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Droms Strauss Advisors Inc. MO ADV

Droms Strauss Advisors Inc. MO ADV cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,844 shares of the e-commerce giant’s stock after selling 245 shares during the period. Droms Strauss Advisors Inc. MO ADV’s holdings in Amazon.com were worth $1,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Wealth Quarterback LLC increased its stake in shares of Amazon.com by 10.2% during the fourth quarter. Wealth Quarterback LLC now owns 14,297 shares of the e-commerce giant’s stock worth $3,137,000 after purchasing an additional 1,320 shares in the last quarter. CIBC Asset Management Inc increased its stake in Amazon.com by 9.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,838,468 shares of the e-commerce giant’s stock worth $622,604,000 after buying an additional 246,507 shares in the last quarter. Evergreen Wealth Management LLC raised its holdings in shares of Amazon.com by 2.1% during the fourth quarter. Evergreen Wealth Management LLC now owns 35,868 shares of the e-commerce giant’s stock valued at $7,869,000 after acquiring an additional 729 shares during the last quarter. Cutler Investment Counsel LLC lifted its position in shares of Amazon.com by 8.1% in the fourth quarter. Cutler Investment Counsel LLC now owns 13,473 shares of the e-commerce giant’s stock valued at $2,956,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Highview Capital Management LLC DE boosted its stake in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Benchmark raised their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group upped their price target on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.1 %

Amazon.com stock opened at $195.74 on Tuesday. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 35.40, 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 twelve month low of $151.61 and a twelve month high of $242.52. The stock’s fifty day simple moving average is $221.02 and its 200-day simple moving average is $207.92.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results 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, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.