Roberts Wealth Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,289 shares of the e-commerce giant’s stock after selling 1,893 shares during the period. Amazon.com accounts for about 2.7% of Roberts Wealth Advisors LLC’s portfolio, making the stock its 8th largest position. Roberts Wealth Advisors LLC’s holdings in Amazon.com were worth $5,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilson & Boucher Capital Management LLC increased its holdings in Amazon.com by 11.3% during the 4th quarter. Wilson & Boucher Capital Management LLC now owns 6,020 shares of the e-commerce giant’s stock worth $506,000 after purchasing an additional 610 shares during the period. JDM Financial Group LLC bought a new position in shares of Amazon.com during the 4th quarter worth $185,000. RB Capital Management LLC grew its position in shares of Amazon.com by 1.4% during the 4th quarter. RB Capital Management LLC now owns 36,624 shares of the e-commerce giant’s stock worth $3,076,000 after buying an additional 502 shares in the last quarter. Grant GrossMendelsohn LLC increased its stake in shares of Amazon.com by 34.1% during the fourth quarter. Grant GrossMendelsohn LLC now owns 2,440 shares of the e-commerce giant’s stock valued at $210,000 after buying an additional 620 shares during the period. Finally, McAlister Sweet & Associates Inc. raised its holdings in shares of Amazon.com by 4.6% in the fourth quarter. McAlister Sweet & Associates Inc. now owns 8,648 shares of the e-commerce giant’s stock valued at $726,000 after acquiring an additional 380 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.
Analysts Set New Price Targets
AMZN has been the topic of a number of research reports. Susquehanna raised their target price on shares of Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. Morgan Stanley increased their price target on shares of Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Roth Capital restated a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Wedbush cut their price target on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Finally, Truist Financial reduced their price objective on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.72.
Amazon.com Stock Down 1.3 %
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. During the same quarter last year, the firm earned $1.39 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 1.33 earnings per share for the current year.
Insider Transactions at Amazon.com
In related news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Insiders sold 71,394 shares of company stock worth $6,994,626 over the last 90 days. 12.70% of the stock is currently owned by insiders.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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