Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,623 shares of the e-commerce giant’s stock after selling 95 shares during the quarter. Amazon.com makes up approximately 1.5% of Intrepid Financial Planning Group LLC’s holdings, making the stock its 17th biggest holding. Intrepid Financial Planning Group LLC’s holdings in Amazon.com were worth $3,647,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC grew its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the period. Compass Planning Associates Inc acquired a new stake in shares of Amazon.com during the 4th quarter worth $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth $54,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Citizens Jmp lowered their price target on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday. Bank of America decreased their target price on Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Westpark Capital assumed coverage on shares of Amazon.com in a report on Tuesday, April 1st. They issued a “buy” rating and a $280.00 price target on the stock. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Cantor Fitzgerald dropped their price objective on shares of Amazon.com from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $252.73.

Amazon.com Price Performance

Shares of AMZN opened at $174.33 on Thursday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a fifty day moving average price of $200.86 and a 200 day moving average price of $208.06. The company has a market cap of $1.85 trillion, a P/E ratio of 31.52, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company’s stock.

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.