Brightwater Advisory LLC Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Brightwater Advisory LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,507 shares of the e-commerce giant’s stock after selling 285 shares during the period. Brightwater Advisory LLC’s holdings in Amazon.com were worth $550,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sincerus Advisory LLC purchased a new position in shares of Amazon.com during the 4th quarter worth about $335,000. Red Crane Wealth Management LLC bought a new stake in Amazon.com in the fourth quarter worth about $337,000. Checchi Capital Advisers LLC boosted its position in shares of Amazon.com by 2.1% during the fourth quarter. Checchi Capital Advisers LLC now owns 79,546 shares of the e-commerce giant’s stock valued at $17,452,000 after buying an additional 1,661 shares during the period. LifeGoal Wealth Advisors bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $486,000. Finally, ORBA Wealth Advisors L.L.C. raised its holdings in shares of Amazon.com by 2.3% in the fourth quarter. ORBA Wealth Advisors L.L.C. now owns 11,122 shares of the e-commerce giant’s stock worth $2,440,000 after buying an additional 255 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction on 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. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AMZN shares. Sanford C. Bernstein boosted their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Benchmark upped their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Wolfe Research lifted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Roth Mkm boosted their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Trading Down 4.3 %

NASDAQ:AMZN opened at $192.72 on Friday. The company has a market capitalization of $2.04 trillion, a P/E ratio of 34.85, 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, 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 $216.86 and a 200-day simple moving average of $208.87.

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