RKL Wealth Management LLC Sells 1,159 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

RKL Wealth Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 75,485 shares of the e-commerce giant’s stock after selling 1,159 shares during the quarter. Amazon.com accounts for approximately 1.5% of RKL Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. RKL Wealth Management LLC’s holdings in Amazon.com were worth $16,561,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Accordant Advisory Group Inc increased its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in Amazon.com in the 4th quarter valued at $51,000. Quattro Financial Advisors LLC increased its stake in 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 purchasing an additional 45 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth $54,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Amazon.com by 64.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock valued at $63,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 2.6 %

Shares of AMZN opened at $170.66 on Wednesday. The business’s 50-day moving average price is $208.30 and its 200-day moving average price is $208.70. 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, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market cap of $1.81 trillion, a PE ratio of 30.86, a P/E/G ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last posted its 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%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business’s 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 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. This represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMZN shares. Citigroup restated a “buy” rating on shares of Amazon.com in a report on Thursday, April 3rd. Mizuho increased their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. dropped their price objective on Amazon.com from $270.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.26.

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.