Amazon.com, Inc. (NASDAQ:AMZN) Stake Decreased by Advisory Resource Group

Advisory Resource Group trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,701 shares of the e-commerce giant’s stock after selling 65 shares during the quarter. Advisory Resource Group’s holdings in Amazon.com were worth $2,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc boosted its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the period. Hoese & Co LLP bought a new stake in Amazon.com in the third quarter worth approximately $37,000. Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the 3rd quarter worth $45,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock valued at $63,000 after acquiring an additional 112 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. Morgan Stanley raised their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Sanford C. Bernstein increased their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Piper Sandler restated an “overweight” rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, DA Davidson boosted their price target on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Performance

AMZN opened at $208.36 on Thursday. The company has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 1.50 and a beta of 1.15. The business’s 50-day moving average price is $225.12 and its two-hundred day moving average price is $206.50. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com 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 of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,649 shares of company stock valued at $23,871,905. 10.80% of the stock is owned by insiders.

Amazon.com Company 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.