Wintrust Investments LLC Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Wintrust Investments LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,576 shares of the e-commerce giant’s stock after selling 389 shares during the period. Amazon.com comprises about 1.5% of Wintrust Investments LLC’s investment portfolio, making the stock its 12th biggest holding. Wintrust Investments LLC’s holdings in Amazon.com were worth $1,662,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC lifted 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 valued at $28,000 after buying an additional 25,581 shares during the period. Quattro Financial Advisors LLC lifted its holdings 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 buying an additional 45 shares during the period. Compass Planning Associates Inc purchased a new position in shares of Amazon.com in the 4th quarter worth $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

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

Amazon.com Stock Up 2.0 %

Shares of AMZN opened at $184.87 on Monday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a fifty day moving average price of $204.23 and a 200-day moving average price of $208.54. The firm has a market capitalization of $1.96 trillion, a P/E ratio of 33.43, a P/E/G ratio of 1.50 and a beta of 1.39. 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 (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMZN shares. Royal Bank of Canada increased their target price on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Bank of America dropped their price objective on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Raymond James upped their target price on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, UBS Group increased their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $258.19.

About Amazon.com

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.