Amazon.com, Inc. (NASDAQ:AMZN) is Exencial Wealth Advisors LLC’s 5th Largest Position

Exencial Wealth Advisors LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 255,930 shares of the e-commerce giant’s stock after selling 2,673 shares during the quarter. Amazon.com makes up approximately 2.1% of Exencial Wealth Advisors LLC’s portfolio, making the stock its 5th biggest position. Exencial Wealth Advisors LLC’s holdings in Amazon.com were worth $56,148,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. Synergy Investment Management LLC bought a new position in Amazon.com in the fourth quarter worth about $1,220,000. Patten Group Inc. raised its position in shares of Amazon.com by 9.0% in the 4th quarter. Patten Group Inc. now owns 14,589 shares of the e-commerce giant’s stock worth $3,201,000 after acquiring an additional 1,207 shares in the last quarter. Pinion Investment Advisors LLC raised its position in shares of Amazon.com by 0.8% in the 4th quarter. Pinion Investment Advisors LLC now owns 14,257 shares of the e-commerce giant’s stock worth $3,128,000 after acquiring an additional 110 shares in the last quarter. Burt Wealth Advisors boosted its position in shares of Amazon.com by 14.0% during the fourth quarter. Burt Wealth Advisors now owns 12,057 shares of the e-commerce giant’s stock valued at $2,645,000 after purchasing an additional 1,485 shares in the last quarter. Finally, GR Financial Group LLC boosted its position in shares of Amazon.com by 98.2% during the fourth quarter. GR Financial Group LLC now owns 2,888 shares of the e-commerce giant’s stock valued at $634,000 after purchasing an additional 1,431 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 4.2 %

Shares of AMZN stock opened at $171.00 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 fifty day simple moving average of $212.18 and a two-hundred day simple moving average of $208.91. The firm has a market capitalization of $1.81 trillion, a PE ratio of 30.92, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. The Goldman Sachs Group boosted 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. Tigress Financial boosted their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Loop Capital raised their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Barclays boosted their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Oppenheimer lifted their price objective on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $260.53.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company’s stock.

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.