Stratos Investment Management LLC Has $18.98 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Stratos Investment Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 86,517 shares of the e-commerce giant’s stock after selling 1,442 shares during the quarter. Amazon.com makes up 1.1% of Stratos Investment Management LLC’s holdings, making the stock its 27th largest holding. Stratos Investment Management LLC’s holdings in Amazon.com were worth $18,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Silverlake Wealth Management LLC raised its holdings in shares of Amazon.com by 7.2% during the fourth quarter. Silverlake Wealth Management LLC now owns 8,012 shares of the e-commerce giant’s stock valued at $1,758,000 after acquiring an additional 535 shares during the period. Sargent Investment Group LLC raised its holdings in shares of Amazon.com by 17.7% during the fourth quarter. Sargent Investment Group LLC now owns 61,851 shares of the e-commerce giant’s stock valued at $13,512,000 after acquiring an additional 9,312 shares during the period. Fusion Family Wealth LLC acquired a new stake in shares of Amazon.com during the fourth quarter valued at approximately $207,000. Cassia Capital Partners LLC raised its holdings in shares of Amazon.com by 31.1% during the fourth quarter. Cassia Capital Partners LLC now owns 5,462 shares of the e-commerce giant’s stock valued at $1,198,000 after acquiring an additional 1,297 shares during the period. Finally, Redwood Wealth Management Group LLC raised its holdings in shares of Amazon.com by 2.6% during the fourth quarter. Redwood Wealth Management Group LLC now owns 5,668 shares of the e-commerce giant’s stock valued at $1,244,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Loop Capital upped their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Bank of America upped their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada upped their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, HSBC upped their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $212.32 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a fifty day moving average price of $226.44 and a two-hundred day moving average price of $205.61. The company has a market cap of $2.25 trillion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction 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 owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,149 shares of company stock worth $24,606,905. 10.80% of the stock is currently owned by corporate insiders.

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.