Tiemann Investment Advisors LLC Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Tiemann Investment Advisors LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,470 shares of the e-commerce giant’s stock after selling 471 shares during the period. Amazon.com makes up approximately 1.7% of Tiemann Investment Advisors LLC’s portfolio, making the stock its 12th largest position. Tiemann Investment Advisors LLC’s holdings in Amazon.com were worth $3,833,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMZN. Swedbank AB raised its position in shares of Amazon.com by 1.4% during the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after acquiring an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com in the third quarter valued at approximately $279,000. Howard Capital Management Group LLC increased its stake in Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after purchasing an additional 897 shares during the last quarter. Meridian Management Co. raised its holdings in Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after purchasing an additional 7,246 shares in the last quarter. Finally, Pettinga Financial Advisors LLC lifted its position in shares of Amazon.com by 4.3% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock worth $1,027,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Raymond James increased their target price on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. The Goldman Sachs Group raised their price objective on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Westpark Capital initiated coverage on Amazon.com in a report on Tuesday, April 1st. They issued a “buy” rating and a $280.00 target price for the company. Stifel Nicolaus raised their price target on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Wolfe Research lifted their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $258.19.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 5.2 %

Amazon.com stock opened at $181.22 on Friday. The firm has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock’s fifty day moving average is $205.37 and its two-hundred day moving average is $208.47.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts predict that Amazon.com, Inc. will post 6.31 EPS 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.