Columbia Advisory Partners LLC Sells 585 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Columbia Advisory Partners LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% in the fourth quarter, HoldingsChannel reports. The firm owned 6,005 shares of the e-commerce giant’s stock after selling 585 shares during the period. Amazon.com makes up about 1.2% of Columbia Advisory Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Columbia Advisory Partners LLC’s holdings in Amazon.com were worth $1,317,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC lifted 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 worth $28,000 after purchasing an additional 25,581 shares in the last quarter. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter valued at $45,000. Finally, Values First Advisors Inc. acquired a new position in shares of Amazon.com during the third quarter valued at about $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on AMZN shares. HSBC increased their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, January 10th. Finally, Robert W. Baird boosted their price target on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.02.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.2 %

Shares of NASDAQ:AMZN opened at $234.85 on Friday. The firm has a fifty day moving average of $219.63 and a 200 day moving average of $197.22. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $236.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market capitalization of $2.47 trillion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current fiscal 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.