Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Ballast Inc.

Ballast Inc. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,199 shares of the e-commerce giant’s stock after selling 365 shares during the quarter. Amazon.com makes up approximately 1.0% of Ballast Inc.’s holdings, making the stock its 19th largest position. Ballast Inc.’s holdings in Amazon.com were worth $3,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Semus Wealth Partners LLC raised its stake in shares of Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after acquiring an additional 49 shares during the last quarter. Bell Investment Advisors Inc grew its position in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after buying an additional 51 shares during the period. O Connor Financial Group LLC grew its position in shares of Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after buying an additional 55 shares during the period. Cherrydale Wealth Management LLC grew its position in shares of Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after buying an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC grew its position in shares of Amazon.com by 4.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 0.1 %

AMZN stock opened at $237.42 on Tuesday. The stock has a market capitalization of $2.50 trillion, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The firm has a 50-day moving average price of $223.83 and a 200-day moving average price of $198.98. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $241.77.

Analysts Set New Price Targets

Several brokerages have recently commented on AMZN. Wedbush reiterated an “outperform” rating and set a $280.00 price target (up previously from $260.00) on shares of Amazon.com in a research report on Monday, January 27th. Bank of America lifted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Thursday, January 30th. Wells Fargo & Company boosted their price objective on shares of Amazon.com from $197.00 to $212.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $251.44.

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.