AJ Advisors LLC Sells 655 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

AJ Advisors LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,956 shares of the e-commerce giant’s stock after selling 655 shares during the period. Amazon.com comprises approximately 0.5% of AJ Advisors LLC’s investment portfolio, making the stock its 17th largest position. AJ Advisors LLC’s holdings in Amazon.com were worth $753,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMZN. Total Clarity Wealth Management Inc. boosted its position in Amazon.com by 7.5% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 15,725 shares of the e-commerce giant’s stock worth $2,389,000 after buying an additional 1,102 shares during the period. MWA Asset Management raised its holdings in Amazon.com by 0.5% during the 4th quarter. MWA Asset Management now owns 22,681 shares of the e-commerce giant’s stock worth $3,446,000 after purchasing an additional 115 shares during the last quarter. KG&L Capital Management LLC raised its holdings in Amazon.com by 0.5% during the 4th quarter. KG&L Capital Management LLC now owns 72,903 shares of the e-commerce giant’s stock worth $11,077,000 after purchasing an additional 370 shares during the last quarter. Tsfg LLC raised its holdings in Amazon.com by 0.4% during the 4th quarter. Tsfg LLC now owns 40,787 shares of the e-commerce giant’s stock worth $6,197,000 after purchasing an additional 154 shares during the last quarter. Finally, Alera Investment Advisors LLC raised its holdings in Amazon.com by 0.6% during the 4th quarter. Alera Investment Advisors LLC now owns 24,929 shares of the e-commerce giant’s stock worth $3,788,000 after purchasing an additional 160 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ AMZN opened at $174.63 on Friday. The company has a market cap of $1.82 trillion, a PE ratio of 60.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $177.28 and its two-hundred day simple moving average is $156.83.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Research analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMZN shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, March 27th. Bank of America lifted their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays lifted their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Oppenheimer lifted their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, UBS Group lifted their price objective on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $202.80.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value 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. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 over the last three months. 12.30% of the stock is currently owned by insiders.

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.