JNBA Financial Advisors Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

JNBA Financial Advisors reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,013 shares of the e-commerce giant’s stock after selling 2,285 shares during the period. JNBA Financial Advisors’ holdings in Amazon.com were worth $1,261,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. Retirement Financial Solutions LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at $32,000. Laurel Wealth Planning LLC lifted its stake in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $38,000. Finally, Cowa LLC bought a new position in Amazon.com in the 3rd quarter worth $40,000. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $104.34, for a total value of $54,256.80. Following the transaction, the chief executive officer now owns 135,760 shares of the company’s stock, valued at approximately $14,165,198.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $104.34, for a total transaction of $54,256.80. Following the transaction, the chief executive officer now owns 135,760 shares of the company’s stock, valued at approximately $14,165,198.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 6,704 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $636,276.64. Following the transaction, the senior vice president now directly owns 87,036 shares in the company, valued at approximately $8,260,586.76. The disclosure for this sale can be found here. Insiders have sold 50,259 shares of company stock worth $4,866,360 in the last three months. 12.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMZN shares. Morgan Stanley boosted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Piper Sandler upped their price objective on Amazon.com from $123.00 to $130.00 in a report on Friday, April 28th. Deutsche Bank Aktiengesellschaft cut their price target on Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Amazon.com in a research report on Wednesday, April 19th. Finally, Benchmark increased their target price on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $143.12.

Amazon.com Trading Up 2.0 %

Shares of AMZN stock opened at $113.40 on Wednesday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $146.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The company has a 50-day simple moving average of $102.17 and a two-hundred day simple moving average of $96.66. The company has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 270.00, a PEG ratio of 3.73 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. Amazon.com’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. Research analysts anticipate that Amazon.com, Inc. will post 1.54 EPS for the current fiscal year.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.