E&G Advisors LP Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

E&G Advisors LP reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,416 shares of the e-commerce giant’s stock after selling 1,826 shares during the period. Amazon.com comprises 1.4% of E&G Advisors LP’s investment portfolio, making the stock its 13th largest holding. E&G Advisors LP’s holdings in Amazon.com were worth $3,862,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Register Financial Advisors LLC grew its position in shares of Amazon.com by 14.3% during the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after acquiring an additional 148 shares during the last quarter. Cherrydale Wealth Management LLC grew its holdings in Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp increased its position in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. raised its holdings in shares of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Amazon.com stock 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 firm’s 50-day simple moving average is $177.79 and its 200 day simple moving average is $158.23. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The firm has a market capitalization of $1.80 trillion, a PE ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. TD Cowen increased their target price on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Robert W. Baird upped their price objective on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Roth Mkm reissued a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Tuesday, April 16th. Wolfe Research upped their price target on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Mizuho raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $205.13.

Insiders Place Their Bets

In other Amazon.com 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 value of $77,860.00. Following 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 SEC, which can be accessed through this link. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com 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 transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly 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 32,214,010 shares of company stock valued at $5,505,889,146 in the last quarter. 10.30% of the stock is currently owned by company insiders.

Amazon.com 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.