Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,863 shares of the e-commerce giant’s stock after selling 1,805 shares during the quarter. Amazon.com accounts for 3.5% of Edgemoor Investment Advisors Inc.’s holdings, making the stock its 8th largest holding. Edgemoor Investment Advisors Inc.’s holdings in Amazon.com were worth $39,680,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AMZN. Flagship Wealth Advisors LLC acquired a new position in Amazon.com during the 4th quarter worth $1,236,000. Curio Wealth LLC purchased a new position in Amazon.com during the 4th quarter worth $360,000. 1ST Source Bank increased its position in Amazon.com by 2.0% in the 4th quarter. 1ST Source Bank now owns 90,723 shares of the e-commerce giant’s stock valued at $19,904,000 after acquiring an additional 1,801 shares during the period. Cassady Schiller Wealth Management LLC raised its stake in shares of Amazon.com by 12.9% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 6,767 shares of the e-commerce giant’s stock worth $1,485,000 after purchasing an additional 775 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Amazon.com by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 381,606 shares of the e-commerce giant’s stock worth $83,721,000 after acquiring an additional 6,154 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Citigroup dropped their price target on Amazon.com from $273.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Raymond James raised their price target on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Finally, Wolfe Research upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $252.73.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 5,848 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the transaction, the senior vice president now directly owns 69,162 shares in the company, valued at approximately $15,265,436.64. This trade represents a 7.80 % 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 ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.0 %

AMZN stock opened at $172.51 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $198.44 and its 200 day simple moving average is $207.88. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a market cap of $1.83 trillion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.