BSW Wealth Partners Sells 181 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

BSW Wealth Partners trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,647 shares of the e-commerce giant’s stock after selling 181 shares during the quarter. Amazon.com comprises approximately 0.8% of BSW Wealth Partners’ portfolio, making the stock its 23rd largest holding. BSW Wealth Partners’ holdings in Amazon.com were worth $4,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Manchester Financial Inc. increased its stake in Amazon.com by 2.6% during the 4th quarter. Manchester Financial Inc. now owns 9,498 shares of the e-commerce giant’s stock valued at $1,443,000 after purchasing an additional 240 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Amazon.com by 1.7% during the fourth quarter. Bleakley Financial Group LLC now owns 267,309 shares of the e-commerce giant’s stock valued at $40,615,000 after buying an additional 4,509 shares during the last quarter. First National Bank of Hutchinson increased its position in shares of Amazon.com by 4.3% during the fourth quarter. First National Bank of Hutchinson now owns 17,454 shares of the e-commerce giant’s stock worth $2,652,000 after acquiring an additional 726 shares in the last quarter. Investment Partners Asset Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter worth about $1,384,000. Finally, Hazlett Burt & Watson Inc. lifted its position in Amazon.com by 2.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 25,934 shares of the e-commerce giant’s stock valued at $3,933,000 after acquiring an additional 527 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on AMZN shares. Canaccord Genuity Group increased their price objective on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Wolfe Research increased their price target on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Evercore ISI lifted their price objective on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Finally, Roth Mkm reissued a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Tuesday, April 16th. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $205.13.

Amazon.com Stock Down 1.7 %

Shares of NASDAQ AMZN opened at $173.67 on Friday. 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 company has a market cap of $1.80 trillion, a P/E ratio of 59.89, a P/E/G ratio of 1.56 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 business has a 50-day simple moving average of $177.79 and a two-hundred day simple moving average of $158.23.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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 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 for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,889,146 in the last three months. 10.30% 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.