Amazon.com, Inc. (NASDAQ:AMZN) is Miller Wealth Advisors LLC’s Largest Position

Miller Wealth Advisors LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 260,530 shares of the e-commerce giant’s stock after selling 9,473 shares during the period. Amazon.com comprises approximately 29.1% of Miller Wealth Advisors LLC’s holdings, making the stock its largest holding. Miller Wealth Advisors LLC’s holdings in Amazon.com were worth $57,158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its holdings in Amazon.com by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 802,308 shares of the e-commerce giant’s stock valued at $176,018,000 after buying an additional 2,452 shares during the period. Oakwell Private Wealth Management LLC boosted its position in Amazon.com by 2.4% during the fourth quarter. Oakwell Private Wealth Management LLC now owns 3,361 shares of the e-commerce giant’s stock valued at $737,000 after purchasing an additional 80 shares in the last quarter. Magnolia Private Wealth LLC bought a new position in Amazon.com in the fourth quarter worth about $634,000. Pointe Capital Management LLC raised its holdings in Amazon.com by 0.5% in the fourth quarter. Pointe Capital Management LLC now owns 11,437 shares of the e-commerce giant’s stock worth $2,509,000 after purchasing an additional 54 shares in the last quarter. Finally, Sincerus Advisory LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $335,000. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,298 shares of company stock worth $22,871,828. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMZN. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a report on Friday, February 7th. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. TD Cowen boosted their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada increased their price target on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Stock Down 4.3 %

AMZN stock opened at $192.72 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $216.86 and a 200-day simple moving average of $208.87. The stock has a market capitalization of $2.04 trillion, a P/E ratio of 34.85, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 return on equity of 24.25% and a net margin of 9.29%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.