Amazon.com, Inc. (NASDAQ:AMZN) Holdings Decreased by Obermeyer Wealth Partners

Obermeyer Wealth Partners trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 273,515 shares of the e-commerce giant’s stock after selling 4,359 shares during the quarter. Amazon.com comprises 3.1% of Obermeyer Wealth Partners’ holdings, making the stock its 9th largest position. Obermeyer Wealth Partners’ holdings in Amazon.com were worth $60,006,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $25,000. Accordant Advisory Group Inc raised its position in shares of 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 buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter valued at $35,000. Finally, Perritt Capital Management Inc increased its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Benchmark reiterated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. BNP Paribas raised shares of Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Finally, Rosenblatt Securities upped their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.09.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $206.02 on Wednesday. The company has a market cap of $2.19 trillion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a 50-day moving average price of $190.38 and a two-hundred day moving average price of $208.73.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.