Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 347,293 shares of the e-commerce giant’s stock after selling 11,299 shares during the quarter. Amazon.com accounts for 1.6% of Signature Estate & Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Signature Estate & Investment Advisors LLC’s holdings in Amazon.com were worth $52,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of AMZN. Paragon Wealth Strategies LLC bought a new position in Amazon.com in the third quarter worth about $249,000. Altus Wealth Management LLC boosted its holdings in shares of Amazon.com by 58.5% during the third quarter. Altus Wealth Management LLC now owns 3,894 shares of the e-commerce giant’s stock valued at $495,000 after acquiring an additional 1,437 shares during the period. Barton Investment Management lifted its position in Amazon.com by 0.5% in the 3rd quarter. Barton Investment Management now owns 703,019 shares of the e-commerce giant’s stock valued at $89,368,000 after purchasing an additional 3,355 shares during the last quarter. First Affirmative Financial Network raised its holdings in shares of Amazon.com by 1.8% during the third quarter. First Affirmative Financial Network now owns 6,155 shares of the e-commerce giant’s stock valued at $782,000 after buying an additional 107 shares during the last quarter. Finally, Dechtman Wealth Management LLC boosted its position in Amazon.com by 86.7% during the 3rd quarter. Dechtman Wealth Management LLC now owns 17,016 shares of the e-commerce giant’s stock worth $2,163,000 after acquiring an additional 7,903 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. Wedbush boosted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Oppenheimer increased their target price on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm restated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a report on Tuesday, April 16th. Finally, Royal Bank of Canada increased their price objective on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $205.13.

Insider Activity at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $180.96 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $178.22 and a 200-day simple moving average of $159.32. The stock has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 62.40, a PEG ratio of 1.55 and a beta of 1.17. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.11 earnings per share for the current year.

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.