Amazon.com, Inc. (NASDAQ:AMZN) is Atria Investments Inc’s 4th Largest Position

Atria Investments Inc trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the fourth quarter, HoldingsChannel reports. The firm owned 566,007 shares of the e-commerce giant’s stock after selling 28,195 shares during the quarter. Amazon.com accounts for about 1.5% of Atria Investments Inc’s investment portfolio, making the stock its 4th biggest holding. Atria Investments Inc’s holdings in Amazon.com were worth $124,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Proficio Capital Partners LLC boosted its stake in Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. Parnassus Investments LLC lifted its stake in Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. State Street Corp grew its holdings in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC increased its position in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after buying an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in shares of Amazon.com by 23,742.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock valued at $1,119,463,000 after buying an additional 5,081,217 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Royal Bank of Canada lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and issued a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.53.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Down 4.2 %

Shares of NASDAQ:AMZN opened at $171.00 on Friday. The stock has a market capitalization of $1.81 trillion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The stock’s 50-day moving average price is $212.18 and its 200-day moving average price is $209.06. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

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