FAS Wealth Partners Inc. Sells 645 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

FAS Wealth Partners Inc. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,957 shares of the e-commerce giant’s stock after selling 645 shares during the period. Amazon.com makes up approximately 1.2% of FAS Wealth Partners Inc.’s investment portfolio, making the stock its 19th largest holding. FAS Wealth Partners Inc.’s holdings in Amazon.com were worth $14,690,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Cable Hill Partners LLC raised its stake in Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after buying an additional 44 shares during the period. Quattro Financial Advisors LLC raised its stake in Amazon.com by 23.8% in the fourth 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. Northern Capital Management Inc. raised its stake in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management grew its position in shares of Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after purchasing an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC grew its position in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 5,848 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the transaction, the senior vice president now owns 69,162 shares of the company’s stock, valued at approximately $15,265,436.64. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,081 shares of company stock worth $17,421,044. Corporate insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMZN shares. Scotiabank decreased their target price on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 21st. Wedbush reaffirmed an “outperform” rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Morgan Stanley decreased their target price on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Rosenblatt Securities upped their target price on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their target price on Amazon.com from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $244.09.

Amazon.com Trading Down 1.0%

NASDAQ:AMZN opened at $204.07 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.17 trillion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm’s 50 day moving average is $189.68 and its 200 day moving average is $208.79. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.