Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.1% during the 4th quarter, Holdings Channel reports. The fund owned 72,129 shares of the e-commerce giant’s stock after selling 14,844 shares during the period. Amazon.com comprises about 1.2% of Nations Financial Group Inc. IA ADV’s portfolio, making the stock its 10th biggest position. Nations Financial Group Inc. IA ADV’s holdings in Amazon.com were worth $15,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Spinnaker Trust lifted its position in shares of Amazon.com by 0.6% in the fourth quarter. Spinnaker Trust now owns 71,378 shares of the e-commerce giant’s stock valued at $15,660,000 after acquiring an additional 433 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of Amazon.com by 0.3% in the fourth quarter. Center for Financial Planning Inc. now owns 23,636 shares of the e-commerce giant’s stock valued at $5,186,000 after acquiring an additional 60 shares in the last quarter. PUREfi Wealth LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at $3,326,000. Sage Advisors LLC lifted its position in shares of Amazon.com by 10.0% in the fourth quarter. Sage Advisors LLC now owns 27,629 shares of the e-commerce giant’s stock valued at $6,062,000 after acquiring an additional 2,504 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. lifted its position in shares of Amazon.com by 3.6% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 215,506 shares of the e-commerce giant’s stock valued at $47,280,000 after acquiring an additional 7,456 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 2.1 %

Shares of AMZN opened at $197.95 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a 50-day moving average price of $221.65 and a 200 day moving average price of $207.26. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market capitalization of $2.10 trillion, a P/E ratio of 35.80, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on AMZN shares. Robert W. Baird upped their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and issued a $265.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Jefferies Financial Group upped their target price on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Maxim Group upped their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Two equities 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860. This trade represents a 22.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 in the last quarter. Insiders own 10.80% of the company’s stock.

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.