Hubbell Strickland Wealth Management LLC Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Hubbell Strickland Wealth Management LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,681 shares of the e-commerce giant’s stock after selling 438 shares during the period. Hubbell Strickland Wealth Management LLC’s holdings in Amazon.com were worth $369,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fiera Capital Corp raised its position in shares of Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the last quarter. First Pacific Advisors LP boosted its stake in Amazon.com by 1.1% during the 2nd quarter. First Pacific Advisors LP now owns 1,657,154 shares of the e-commerce giant’s stock valued at $320,245,000 after purchasing an additional 17,465 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in shares of Amazon.com by 4.2% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 239,233 shares of the e-commerce giant’s stock worth $46,232,000 after purchasing an additional 9,592 shares in the last quarter. 9258 Wealth Management LLC lifted its holdings in shares of Amazon.com by 2.1% during the second quarter. 9258 Wealth Management LLC now owns 28,039 shares of the e-commerce giant’s stock valued at $5,419,000 after purchasing an additional 564 shares in the last quarter. Finally, Bordeaux Wealth Advisors LLC boosted its position in shares of Amazon.com by 94.5% during the second quarter. Bordeaux Wealth Advisors LLC now owns 24,062 shares of the e-commerce giant’s stock valued at $4,650,000 after buying an additional 11,693 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,027,340 shares of company stock worth $1,252,456,773. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Morgan Stanley upped their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. TD Cowen raised their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.33.

Amazon.com Trading Up 1.3 %

AMZN opened at $237.68 on Friday. The firm has a market cap of $2.50 trillion, a P/E ratio of 50.90, a P/E/G ratio of 1.35 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $223.83 and a 200 day moving average of $198.87. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $241.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the company earned $0.85 earnings per share. Amazon.com’s revenue was up 11.0% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 5.3 EPS for the current 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.