Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Financial & Tax Architects LLC

Financial & Tax Architects LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,729 shares of the e-commerce giant’s stock after selling 1,178 shares during the quarter. Financial & Tax Architects LLC’s holdings in Amazon.com were worth $870,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. First National Bank of Hutchinson raised its stake in Amazon.com by 4.3% in the fourth quarter. First National Bank of Hutchinson now owns 17,454 shares of the e-commerce giant’s stock valued at $2,652,000 after buying an additional 726 shares in the last quarter. Investment Partners Asset Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth about $1,384,000. Hazlett Burt & Watson Inc. raised its position in shares of Amazon.com by 2.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 25,934 shares of the e-commerce giant’s stock worth $3,933,000 after acquiring an additional 527 shares in the last quarter. WESPAC Advisors SoCal LLC lifted its stake in Amazon.com by 294.9% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 91,266 shares of the e-commerce giant’s stock worth $13,867,000 after purchasing an additional 68,152 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in Amazon.com by 13.1% in the fourth quarter. Meeder Asset Management Inc. now owns 143,737 shares of the e-commerce giant’s stock valued at $21,839,000 after purchasing an additional 16,602 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $173.67 on Friday. The company’s 50-day moving average price is $177.79 and its 200 day moving average price is $158.23. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 59.89, a PEG ratio of 1.56 and a beta of 1.16. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. Amazon.com’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Maxim Group started coverage on shares of Amazon.com in a research report on Wednesday, April 17th. They issued a “buy” rating and a $218.00 price target for the company. Citigroup upped their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Roth Mkm reaffirmed a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average price target of $205.13.

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.