Amazon.com, Inc. (NASDAQ:AMZN) Stake Trimmed by AFG Fiduciary Services Limited Partnership

AFG Fiduciary Services Limited Partnership lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 30,385 shares of the e-commerce giant’s stock after selling 1,792 shares during the period. Amazon.com comprises approximately 2.1% of AFG Fiduciary Services Limited Partnership’s portfolio, making the stock its 4th biggest holding. AFG Fiduciary Services Limited Partnership’s holdings in Amazon.com were worth $6,786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the third quarter worth $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com during the third quarter valued at $56,000. IFS Advisors LLC lifted its position in Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares during the last quarter. Finally, West Financial Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth $88,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Citigroup decreased their price target on Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a report on Friday. Monness Crespi & Hardt increased their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities upped their price objective on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research report on Friday. Barclays increased their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research report on Friday. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.20.

Amazon.com Trading Down 4.1 %

Shares of NASDAQ:AMZN opened at $229.15 on Friday. The business has a 50 day moving average of $226.51 and a two-hundred day moving average of $200.30. The company 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. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. 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 (NASDAQ:AMZN) last announced 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 8.04% and a return on equity of 22.41%. As a group, analysts forecast that Amazon.com, Inc. will post 5.3 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were 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 directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,026,212 shares of company stock worth $625,666,424 in the last ninety days. 10.80% of the stock is owned by insiders.

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.