Obermeyer Wood Investment Counsel Lllp Sells 5,295 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Obermeyer Wood Investment Counsel Lllp cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 284,279 shares of the e-commerce giant’s stock after selling 5,295 shares during the period. Amazon.com accounts for 2.9% of Obermeyer Wood Investment Counsel Lllp’s investment portfolio, making the stock its 13th biggest position. Obermeyer Wood Investment Counsel Lllp’s holdings in Amazon.com were worth $43,193,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. PayPay Securities Corp increased its holdings in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC bought a new position in shares of Amazon.com in the fourth quarter worth $43,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth $57,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in Amazon.com during the third quarter valued at $49,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Mizuho raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Royal Bank of Canada boosted their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Oppenheimer raised their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Wolfe Research increased their target price on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Maxim Group dropped their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $211.62.

Amazon.com Stock Down 0.4 %

NASDAQ:AMZN opened at $188.00 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm’s 50-day moving average price is $179.60 and its 200-day moving average price is $161.63. The company has a market capitalization of $1.96 trillion, a PE ratio of 52.66, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $105.16 and a 1-year high of $189.94.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP David Zapolsky sold 10,920 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $169.21, for a total transaction of $1,847,773.20. Following the completion of the sale, the senior vice president now owns 59,100 shares of the company’s stock, valued at $10,000,311. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders sold a total of 26,198,961 shares of company stock valued at $4,482,430,577 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.