Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 162,288 shares of the e-commerce giant’s stock after selling 1,643 shares during the quarter. Amazon.com makes up about 2.7% of Beaumont Financial Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Beaumont Financial Advisors LLC’s holdings in Amazon.com were worth $35,604,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMZN. Fiera Capital Corp raised its stake 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 buying an additional 44,615 shares in the last quarter. Beam Wealth Advisors Inc. lifted its holdings in Amazon.com by 138.6% in the 2nd quarter. Beam Wealth Advisors Inc. now owns 12,503 shares of the e-commerce giant’s stock valued at $2,416,000 after acquiring an additional 7,262 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Amazon.com by 21.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,410,036 shares of the e-commerce giant’s stock valued at $465,739,000 after purchasing an additional 419,503 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of Amazon.com by 0.4% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 62,907 shares of the e-commerce giant’s stock worth $12,157,000 after purchasing an additional 252 shares during the last quarter. Finally, Redwood Financial Network Corp raised its holdings in shares of Amazon.com by 3.6% in the 2nd quarter. Redwood Financial Network Corp now owns 10,091 shares of the e-commerce giant’s stock worth $1,950,000 after purchasing an additional 349 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated 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 represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,026,212 shares of company stock valued at $625,666,424. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 4.1 %

Amazon.com stock opened at $229.15 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business’s 50-day simple moving average is $226.51 and its 200-day simple moving average is $200.30. The firm has a market capitalization of $2.41 trillion, a PE ratio of 49.07, a PEG ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Equities research analysts forecast that Amazon.com, Inc. will post 5.3 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on AMZN shares. Piper Sandler restated an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday. Evercore ISI boosted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wolfe Research increased their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. BMO Capital Markets restated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Stifel Nicolaus raised their target price on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.20.

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.