Mosaic Financial Group LLC Has $1.60 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mosaic Financial Group LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 13.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,272 shares of the e-commerce giant’s stock after selling 1,083 shares during the quarter. Amazon.com makes up about 1.1% of Mosaic Financial Group LLC’s holdings, making the stock its 20th largest holding. Mosaic Financial Group LLC’s holdings in Amazon.com were worth $1,595,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. Accordant Advisory Group Inc increased its stake in Amazon.com by 400.0% in 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 during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at $27,000. Icon Wealth Advisors LLC increased its stake in Amazon.com by 20.5% in 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 last quarter. Quattro Financial Advisors LLC increased its stake in Amazon.com by 23.8% in 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 last quarter. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com in the 4th quarter valued at $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Scotiabank lowered their price target on shares of Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 21st. Barclays lifted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Citizens Jmp lowered their price objective on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Telsey Advisory Group lowered their price objective on shares of Amazon.com from $275.00 to $235.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Finally, Piper Sandler restated an “overweight” rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.50.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. 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 three months. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $184.42 on Thursday. The company has a 50 day moving average of $191.39 and a 200-day moving average of $207.74. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. 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 company has a market cap of $1.96 trillion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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 net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.