Sigma Investment Counselors Inc. Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sigma Investment Counselors Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,788 shares of the e-commerce giant’s stock after selling 735 shares during the quarter. Amazon.com comprises about 0.9% of Sigma Investment Counselors Inc.’s investment portfolio, making the stock its 27th largest holding. Sigma Investment Counselors Inc.’s holdings in Amazon.com were worth $12,275,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AMZN. Mayflower Financial Advisors LLC increased its holdings in shares of Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares in the last quarter. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Amazon.com during the fourth quarter valued at about $37,000. Finally, Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com in the 1st quarter worth approximately $38,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.3 %

Shares of NASDAQ:AMZN opened at $183.62 on Tuesday. The business has a 50-day moving average price of $176.60 and a 200 day moving average price of $155.79. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 63.32, a PEG ratio of 1.62 and a beta of 1.17. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,874,846. 12.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMZN shares. Wedbush reiterated an “outperform” rating and issued a $220.00 price target on shares of Amazon.com in a report on Wednesday, April 10th. Evercore ISI raised their price objective on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. Raymond James raised their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada raised their price objective on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $201.43.

Amazon.com Company 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.