Guinness Atkinson Asset Management Inc Has $7.58 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Guinness Atkinson Asset Management Inc cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,529 shares of the e-commerce giant’s stock after selling 2,582 shares during the period. Amazon.com accounts for approximately 3.9% of Guinness Atkinson Asset Management Inc’s investment portfolio, making the stock its 5th largest holding. Guinness Atkinson Asset Management Inc’s holdings in Amazon.com were worth $7,575,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Semus Wealth Partners LLC boosted its stake in Amazon.com by 0.3% in the 3rd 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 period. Bell Investment Advisors Inc lifted its holdings in shares of Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares in the last quarter. O Connor Financial Group LLC boosted its position in shares of Amazon.com by 2.2% in the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after buying an additional 55 shares during the period. Cherrydale Wealth Management LLC grew its holdings in shares of Amazon.com by 0.7% during the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after buying an additional 55 shares in the last quarter. Finally, Cedar Point Capital Partners LLC raised its position in Amazon.com by 4.4% during the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock valued at $247,000 after buying an additional 56 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 2.0 %

NASDAQ AMZN opened at $242.06 on Wednesday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $224.55 and its two-hundred day moving average is $199.36. The company has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 51.83, a PEG ratio of 1.35 and a beta of 1.15.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. Benchmark lifted their target price on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday. Tigress Financial lifted their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Redburn Atlantic raised their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Raymond James boosted their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Loop Capital raised their price target on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.56.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated 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 directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. 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 dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,027,340 shares of company stock valued at $1,252,456,773 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

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.