Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 98,304 shares of the e-commerce giant’s stock after selling 1,379 shares during the period. Amazon.com makes up approximately 3.9% of Mirador Capital Partners LP’s investment portfolio, making the stock its 5th largest holding. Mirador Capital Partners LP’s holdings in Amazon.com were worth $21,567,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Rench Wealth Management Inc. lifted its position in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC raised its holdings in Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after purchasing an additional 16,392 shares during the last quarter. Blankinship & Foster LLC boosted its position in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after purchasing an additional 4,740 shares in the last quarter. Umpqua Bank grew its holdings in Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after purchasing an additional 137 shares during the last quarter. Finally, Floyd Financial Group LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at $4,494,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock opened at $237.07 on Thursday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $241.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.49 trillion, a price-to-earnings ratio of 50.76, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The firm’s fifty day moving average price is $221.62 and its 200 day moving average price is $198.03.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Monness Crespi & Hardt increased their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen upped their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Piper Sandler raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $249.46.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last three months. 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.