Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Decreased by Signature Wealth Management Partners LLC

Signature Wealth Management Partners LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,494 shares of the e-commerce giant’s stock after selling 171 shares during the period. Amazon.com comprises about 3.2% of Signature Wealth Management Partners LLC’s holdings, making the stock its 8th largest holding. Signature Wealth Management Partners LLC’s holdings in Amazon.com were worth $4,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Williams & Novak LLC lifted its stake in Amazon.com by 2.8% in the fourth quarter. Williams & Novak LLC now owns 3,095 shares of the e-commerce giant’s stock worth $679,000 after acquiring an additional 85 shares during the last quarter. Southern Style Financial Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at $212,000. NorthStar Asset Management LLC NJ lifted its position in shares of Amazon.com by 4.4% during the 4th quarter. NorthStar Asset Management LLC NJ now owns 18,328 shares of the e-commerce giant’s stock worth $4,021,000 after purchasing an additional 771 shares during the last quarter. Mayflower Financial Advisors LLC grew its stake in shares of Amazon.com by 4.8% during the fourth quarter. Mayflower Financial Advisors LLC now owns 33,045 shares of the e-commerce giant’s stock worth $7,250,000 after purchasing an additional 1,509 shares in the last quarter. Finally, BSW Wealth Partners increased its holdings in Amazon.com by 5.1% in the fourth quarter. BSW Wealth Partners now owns 32,754 shares of the e-commerce giant’s stock valued at $7,186,000 after buying an additional 1,580 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.0 %

AMZN stock opened at $226.45 on Wednesday. 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 company’s 50-day moving average price is $228.26 and its 200 day moving average price is $202.87. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market cap of $2.38 trillion, a P/E ratio of 40.95, a P/E/G ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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 25.49% and a net margin of 9.29%. On average, research analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,611 shares of company stock worth $11,122,402. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMZN. HSBC lifted their price target on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Evercore ISI boosted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their price target on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Scotiabank boosted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group increased their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $260.74.

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.