Atticus Wealth Management LLC Sells 126 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Atticus Wealth Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 13,086 shares of the e-commerce giant’s stock after selling 126 shares during the quarter. Amazon.com comprises about 0.9% of Atticus Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Atticus Wealth Management LLC’s holdings in Amazon.com were worth $2,871,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AMZN. Union Bancaire Privee UBP SA bought a new stake in shares of Amazon.com during the 4th quarter worth $301,650,000. Apexium Financial LP raised its stake in shares of Amazon.com by 4.3% during the fourth quarter. Apexium Financial LP now owns 37,897 shares of the e-commerce giant’s stock valued at $8,314,000 after acquiring an additional 1,573 shares during the last quarter. Capital Asset Advisory Services LLC lifted its holdings in Amazon.com by 1.6% during the 4th quarter. Capital Asset Advisory Services LLC now owns 74,238 shares of the e-commerce giant’s stock worth $16,643,000 after buying an additional 1,197 shares during the period. Blue Trust Inc. boosted its holdings in Amazon.com by 34.7% in the fourth quarter. Blue Trust Inc. now owns 115,461 shares of the e-commerce giant’s stock valued at $25,331,000 after acquiring an additional 29,748 shares during the last quarter. Finally, Cathy Pareto & Associates Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth $2,788,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’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 sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated 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 owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,848 shares of company stock valued at $11,368,639. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $228.68 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. The stock has a 50-day simple moving average of $228.21 and a two-hundred day simple moving average of $202.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Jefferies Financial Group upped their target price on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Barclays lifted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Redburn Atlantic increased their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.74.

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.