Warren Street Wealth Advisors LLC Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Warren Street Wealth Advisors LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,471 shares of the e-commerce giant’s stock after selling 54 shares during the period. Amazon.com comprises 1.0% of Warren Street Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Warren Street Wealth Advisors LLC’s holdings in Amazon.com were worth $2,517,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMZN. AMF Tjanstepension AB increased its position in shares of Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after purchasing an additional 811,425 shares during the last quarter. Capricorn Fund Managers Ltd increased its position in shares of Amazon.com by 12.0% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 21,714 shares of the e-commerce giant’s stock valued at $4,046,000 after purchasing an additional 2,330 shares during the last quarter. Smith Chas P & Associates PA Cpas increased its position in shares of Amazon.com by 0.5% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 24,793 shares of the e-commerce giant’s stock valued at $4,620,000 after purchasing an additional 116 shares during the last quarter. Woodstock Corp increased its position in shares of Amazon.com by 6.2% in the 3rd quarter. Woodstock Corp now owns 27,387 shares of the e-commerce giant’s stock valued at $5,103,000 after purchasing an additional 1,602 shares during the last quarter. Finally, Orca Investment Management LLC increased its position in shares of Amazon.com by 6.1% in the 3rd quarter. Orca Investment Management LLC now owns 8,071 shares of the e-commerce giant’s stock valued at $1,504,000 after purchasing an additional 461 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMZN. The Goldman Sachs Group upped their target price on shares of Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Benchmark upped their target price on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Jefferies Financial Group upped their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Maxim Group upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Performance

Shares of AMZN opened at $196.59 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $223.12 and a 200-day simple moving average of $207.25. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market capitalization of $2.08 trillion, a PE ratio of 35.55, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.