Wealthcare Advisory Partners LLC Sells 3,110 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wealthcare Advisory Partners LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,253 shares of the e-commerce giant’s stock after selling 3,110 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Amazon.com were worth $19,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Procyon Advisors LLC raised its holdings in shares of Amazon.com by 8.2% in the fourth quarter. Procyon Advisors LLC now owns 212,952 shares of the e-commerce giant’s stock worth $46,719,000 after buying an additional 16,141 shares during the period. Everpar Advisors LLC boosted its holdings in Amazon.com by 7.7% during the 4th quarter. Everpar Advisors LLC now owns 21,932 shares of the e-commerce giant’s stock valued at $4,812,000 after acquiring an additional 1,565 shares during the period. Border to Coast Pensions Partnership Ltd grew its position in Amazon.com by 2.3% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,081,859 shares of the e-commerce giant’s stock valued at $237,191,000 after acquiring an additional 24,708 shares during the last quarter. Tompkins Financial Corp increased its stake in Amazon.com by 0.7% in the fourth quarter. Tompkins Financial Corp now owns 77,069 shares of the e-commerce giant’s stock worth $16,908,000 after purchasing an additional 512 shares during the period. Finally, Yarger Wealth Strategies LLC lifted its position in shares of Amazon.com by 2.0% during the fourth quarter. Yarger Wealth Strategies LLC now owns 28,817 shares of the e-commerce giant’s stock worth $6,322,000 after purchasing an additional 555 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $234.64 on Friday. The stock has a 50-day moving average of $222.30 and a two-hundred day moving average of $198.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $2.47 trillion, a P/E ratio of 50.24, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $241.77.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wedbush restated an “outperform” rating and issued a $280.00 target price (up from $260.00) on shares of Amazon.com in a research note on Monday. Redburn Atlantic raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Bank of America boosted their price target on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $249.46.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,027,340 shares of company stock worth $1,252,456,773. Company insiders own 10.80% of the company’s stock.

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.