Wealth Advisors of Tampa Bay LLC Sells 35,848 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wealth Advisors of Tampa Bay LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 48.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,388 shares of the e-commerce giant’s stock after selling 35,848 shares during the period. Amazon.com makes up about 2.9% of Wealth Advisors of Tampa Bay LLC’s investment portfolio, making the stock its 6th largest position. Wealth Advisors of Tampa Bay LLC’s holdings in Amazon.com were worth $5,681,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AMZN. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after buying an additional 32,038,029 shares during the period. International Assets Investment Management LLC raised its holdings in Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares in the last quarter. FMR LLC lifted its position in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Jennison Associates LLC grew its holdings in shares of Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after purchasing an additional 12,176,114 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Amazon.com during the third quarter valued at approximately $610,138,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. BMO Capital Markets assumed coverage on Amazon.com in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 target price for the company. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their price target on shares of Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Susquehanna lifted their price objective on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Finally, TD Cowen raised their target price on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $202.80.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $177.23 on Tuesday. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.84 trillion, a PE ratio of 61.11, a PEG ratio of 1.52 and a beta of 1.17. The stock’s fifty day simple moving average is $177.38 and its 200 day simple moving average is $157.63.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 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.