Beacon Investment Advisory Services Inc. Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Beacon Investment Advisory Services Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,275 shares of the e-commerce giant’s stock after selling 3,186 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Amazon.com were worth $15,418,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fiera Capital Corp boosted its holdings in shares of Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the period. Achmea Investment Management B.V. boosted its holdings in shares of Amazon.com by 6.6% during the second quarter. Achmea Investment Management B.V. now owns 936,221 shares of the e-commerce giant’s stock worth $180,924,000 after purchasing an additional 57,976 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in shares of Amazon.com by 62.2% during the second quarter. Johnson Investment Counsel Inc. now owns 592,364 shares of the e-commerce giant’s stock worth $114,474,000 after purchasing an additional 227,056 shares during the period. BOKF NA boosted its holdings in shares of Amazon.com by 3.9% during the second quarter. BOKF NA now owns 493,137 shares of the e-commerce giant’s stock worth $95,299,000 after purchasing an additional 18,666 shares during the period. Finally, Bell Investment Advisors Inc boosted its holdings in shares of Amazon.com by 3.2% during the second quarter. Bell Investment Advisors Inc now owns 3,308 shares of the e-commerce giant’s stock worth $639,000 after purchasing an additional 103 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. DA Davidson increased their target price on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday. Evercore ISI increased their price target 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. Maxim Group increased their price target on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group increased their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Roth Mkm increased their price target on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.20.

Amazon.com Trading Down 4.1 %

Shares of AMZN stock opened at $229.15 on Monday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $226.93 and its 200 day moving average is $200.72. The stock has a market capitalization of $2.41 trillion, a P/E ratio of 41.44, a P/E/G ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Research analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,850 shares of company stock worth $6,168,581 in the last 90 days. 10.80% of the stock is currently owned by insiders.

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.