JFS Wealth Advisors LLC Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

JFS Wealth Advisors LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,803 shares of the e-commerce giant’s stock after selling 206 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Amazon.com were worth $5,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rench Wealth Management Inc. grew its holdings in Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the period. Foundations Investment Advisors LLC lifted its position in Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after purchasing an additional 16,392 shares during the period. Blankinship & Foster LLC lifted its position in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares during the period. Umpqua Bank raised its position in Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after acquiring an additional 137 shares during the period. Finally, One Wealth Capital Management LLC bought a new position in Amazon.com in the fourth quarter worth approximately $4,270,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 2.1 %

Shares of AMZN opened at $197.95 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a 50-day moving average price of $221.65 and a 200 day moving average price of $207.76. The firm has a market capitalization of $2.10 trillion, a P/E ratio of 35.80, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its 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%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMZN. Wells Fargo & Company decreased their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Royal Bank of Canada increased their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Piper Sandler reissued an “overweight” rating and issued a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Finally, Roth Mkm lifted their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently 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.