Tiedemann Advisors LLC Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tiedemann Advisors LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,287 shares of the e-commerce giant’s stock after selling 2,523 shares during the quarter. Tiedemann Advisors LLC’s holdings in Amazon.com were worth $3,384,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fiduciary Planning LLC grew its stake in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC grew its stake in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. grew its stake in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners grew its stake in shares of Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the last quarter. 57.64% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 21,925 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the transaction, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Andrew R. Jassy sold 21,925 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the transaction, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at approximately $230,472,456.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 16,800 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $116.69, for a total value of $1,960,392.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $5,717,810. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,144 shares of company stock worth $8,405,887. 12.30% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $115.00 on Friday. The stock has a market cap of $1.18 trillion, a PE ratio of 273.81, a P/E/G ratio of 4.00 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The stock has a fifty day simple moving average of $105.19 and a 200-day simple moving average of $97.67.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMZN. Mizuho boosted their price target on Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Roth Capital restated a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Benchmark boosted their price target on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Morgan Stanley boosted their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Finally, DA Davidson boosted their price target on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Three analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.12.

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.