Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Madrona Financial Services LLC

Madrona Financial Services LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.4% during the fourth quarter, HoldingsChannel reports. The firm owned 8,691 shares of the e-commerce giant’s stock after selling 1,462 shares during the quarter. Madrona Financial Services LLC’s holdings in Amazon.com were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fiera Capital Corp boosted its position in Amazon.com by 12.5% during the second 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 in the last quarter. Achmea Investment Management B.V. boosted its position in Amazon.com by 6.6% during the second quarter. Achmea Investment Management B.V. now owns 936,221 shares of the e-commerce giant’s stock worth $180,924,000 after purchasing an additional 57,976 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in Amazon.com by 62.2% during the second quarter. Johnson Investment Counsel Inc. now owns 592,364 shares of the e-commerce giant’s stock worth $114,474,000 after purchasing an additional 227,056 shares in the last quarter. BOKF NA boosted its position in Amazon.com by 3.9% during the second quarter. BOKF NA now owns 493,137 shares of the e-commerce giant’s stock worth $95,299,000 after purchasing an additional 18,666 shares in the last quarter. Finally, Bell Investment Advisors Inc boosted its position in Amazon.com by 3.2% during the second quarter. Bell Investment Advisors Inc now owns 3,308 shares of the e-commerce giant’s stock worth $639,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $229.15 on Monday. The company has a fifty day simple moving average of $226.93 and a 200 day simple moving average of $200.72. The firm has a market cap of $2.41 trillion, a price-to-earnings ratio of 41.44, a PEG ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve 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 posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Equities research analysts expect that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s 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 transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’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 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 29,850 shares of company stock worth $6,168,581 in the last ninety days. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Deutsche Bank Aktiengesellschaft lifted their price objective on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Bank of America upped their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays upped their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank of Canada upped their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research note on Friday. Two 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $260.20.

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.