Amazon.com, Inc. (NASDAQ:AMZN) is HFR Wealth Management LLC’s 2nd Largest Position

HFR Wealth Management LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 97,983 shares of the e-commerce giant’s stock after selling 1,298 shares during the quarter. Amazon.com makes up about 5.3% of HFR Wealth Management LLC’s holdings, making the stock its 2nd biggest position. HFR Wealth Management LLC’s holdings in Amazon.com were worth $21,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. Compass Planning Associates Inc purchased a new position in shares of Amazon.com in the fourth quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Amazon.com in the fourth quarter worth $54,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays increased their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Oppenheimer boosted their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Finally, TD Cowen boosted their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $260.53.

Amazon.com Trading Down 9.0 %

AMZN opened at $178.41 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a fifty day moving average price of $213.46 and a 200-day moving average price of $209.01.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock worth $23,341,803 in the last 90 days. 10.80% of the stock is 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.