BigSur Wealth Management LLC Has $7.94 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

BigSur Wealth Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,210 shares of the e-commerce giant’s stock after selling 1,560 shares during the quarter. Amazon.com makes up about 2.3% of BigSur Wealth Management LLC’s portfolio, making the stock its 10th biggest position. BigSur Wealth Management LLC’s holdings in Amazon.com were worth $7,944,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMZN. Rench Wealth Management Inc. lifted its stake in Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after acquiring an additional 3,703 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Amazon.com by 9.7% in the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after purchasing an additional 16,392 shares during the period. Blankinship & Foster LLC boosted its stake in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares in the last quarter. Umpqua Bank increased its holdings in Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after buying an additional 137 shares during the period. Finally, One Wealth Capital Management LLC bought a new position in Amazon.com in the fourth quarter worth approximately $4,270,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.0 %

AMZN stock opened at $242.06 on Wednesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm’s fifty day moving average is $224.55 and its 200 day moving average is $199.36. The firm has a market cap of $2.55 trillion, a PE ratio of 51.83, a P/E/G ratio of 1.35 and a beta of 1.15.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Scotiabank lifted their price target on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. JPMorgan Chase & Co. lifted their target price on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. HSBC increased 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. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Thursday, January 30th. Finally, Pivotal Research began coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.56.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,027,340 shares of company stock valued at $1,252,456,773 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

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.