Valley National Advisers Inc. Sells 553 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Valley National Advisers Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,044 shares of the e-commerce giant’s stock after selling 553 shares during the period. Amazon.com comprises 1.4% of Valley National Advisers Inc.’s portfolio, making the stock its 13th largest position. Valley National Advisers Inc.’s holdings in Amazon.com were worth $7,688,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Level Wealth Management LLC bought a new position in Amazon.com in the fourth quarter worth about $408,000. Western Pacific Wealth Management LP raised its stake in Amazon.com by 0.9% in the fourth quarter. Western Pacific Wealth Management LP now owns 41,005 shares of the e-commerce giant’s stock worth $8,996,000 after buying an additional 357 shares in the last quarter. SkyOak Wealth LLC raised its stake in Amazon.com by 4.0% in the fourth quarter. SkyOak Wealth LLC now owns 33,377 shares of the e-commerce giant’s stock worth $7,323,000 after buying an additional 1,292 shares in the last quarter. McAdam LLC raised its stake in Amazon.com by 7.4% in the fourth quarter. McAdam LLC now owns 27,351 shares of the e-commerce giant’s stock worth $6,000,000 after buying an additional 1,896 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its stake in Amazon.com by 1.5% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 36,385 shares of the e-commerce giant’s stock worth $8,052,000 after buying an additional 524 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMZN shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Rosenblatt Securities increased their price target on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Jefferies Financial Group raised their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Maxim Group raised their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two investment 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,852 shares of company stock worth $9,324,151 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Down 1.8 %

Shares of AMZN stock opened at $212.71 on Tuesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $227.48 and its 200 day moving average is $204.88. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 38.46, a P/E/G ratio of 1.54 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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 24.25%. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.