Gradient Capital Advisors LLC Lowers Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Gradient Capital Advisors LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,354 shares of the e-commerce giant’s stock after selling 66 shares during the period. Gradient Capital Advisors LLC’s holdings in Amazon.com were worth $2,052,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMZN. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC increased its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth approximately $45,000. Quattro Financial Advisors LLC lifted its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com in the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 0.7 %

AMZN opened at $199.25 on Monday. The firm has a market cap of $2.11 trillion, a P/E ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19. The business’s fifty day simple moving average is $224.11 and its 200 day simple moving average is $206.99. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) 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 24.25%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup restated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Stifel Nicolaus raised their target price on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Finally, DA Davidson lifted their target price on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $260.65.

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.