DDD Partners LLC Sells 28,670 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

DDD Partners LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,128 shares of the e-commerce giant’s stock after selling 28,670 shares during the period. Amazon.com accounts for 4.9% of DDD Partners LLC’s portfolio, making the stock its 4th largest holding. DDD Partners LLC’s holdings in Amazon.com were worth $39,957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Quattro Financial Advisors LLC increased its stake in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares in the last quarter. MBM Wealth Consultants LLC increased its position in Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after purchasing an additional 48 shares during the period. Semus Wealth Partners LLC boosted its holdings in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after buying an additional 49 shares during the last quarter. GGM Financials LLC boosted its holdings in Amazon.com by 2.1% during the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock worth $540,000 after buying an additional 50 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its holdings in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Piper Sandler restated an “overweight” rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Sanford C. Bernstein upped their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Moffett Nathanson upped their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two research 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. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Up 2.1 %

Shares of NASDAQ:AMZN opened at $197.95 on Monday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The business’s 50 day simple moving average is $221.65 and its two-hundred day simple moving average is $207.76. The firm has a market cap of $2.10 trillion, a P/E ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction 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 sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by company insiders.

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.