Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,697 shares of the e-commerce giant’s stock after selling 1,115 shares during the quarter. Amazon.com makes up approximately 1.1% of Robinson Smith Wealth Advisors LLC’s holdings, making the stock its 24th biggest holding. Robinson Smith Wealth Advisors LLC’s holdings in Amazon.com were worth $1,250,000 at the end of the most recent reporting period.

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

Amazon.com Stock Performance

AMZN opened at $172.51 on Friday. 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 52-week low of $151.61 and a 52-week high of $242.52. The firm has a market cap of $1.83 trillion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The business’s fifty day moving average is $199.65 and its 200-day moving average is $207.97.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMZN shares. Westpark Capital began coverage on Amazon.com in a research report on Tuesday, April 1st. They set a “buy” rating and a $280.00 price objective for the company. Jefferies Financial Group cut their target price on shares of Amazon.com from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities raised their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Two analysts have 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.73.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at $95,776,017.26. The trade was a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 5,848 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the transaction, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. The trade was a 7.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 over the last 90 days. 10.80% of the stock is owned by 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.