Paladin Advisory Group LLC Sells 260 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Paladin Advisory Group LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,994 shares of the e-commerce giant’s stock after selling 260 shares during the quarter. Amazon.com comprises 1.3% of Paladin Advisory Group LLC’s holdings, making the stock its 26th biggest position. Paladin Advisory Group LLC’s holdings in Amazon.com were worth $1,518,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Lake Hills Wealth Management LLC boosted its stake in shares of Amazon.com by 0.8% during the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after buying an additional 65 shares during the last quarter. Veery Capital LLC raised its holdings in Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after acquiring an additional 66 shares in the last quarter. Bellwether Advisors LLC boosted its position in Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after purchasing an additional 66 shares during the last quarter. StrategIQ Financial Group LLC increased its position in shares of Amazon.com by 0.3% during the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after purchasing an additional 66 shares during the last quarter. Finally, Marion Wealth Management raised its stake in shares of Amazon.com by 1.6% during the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock worth $657,000 after purchasing an additional 67 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Morgan Stanley boosted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Sanford C. Bernstein lifted their target price on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $211.62.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $175.00, for a total value of $2,502,500.00. Following the completion of the transaction, the chief executive officer now owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 14,300 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the sale, the chief executive officer now directly owns 499,831 shares in the company, valued at $87,470,425. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the transaction, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,187,979 shares of company stock worth $3,440,575,337. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ AMZN opened at $189.50 on Friday. The stock has a 50-day moving average price of $179.90 and a two-hundred day moving average price of $161.81. Amazon.com, Inc. has a 12 month low of $108.05 and a 12 month high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 53.08, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

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.