Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lessened by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 496,350 shares of the e-commerce giant’s stock after selling 22,179 shares during the period. Amazon.com accounts for approximately 2.0% of B. Riley Wealth Advisors Inc.’s portfolio, making the stock its 5th largest holding. B. Riley Wealth Advisors Inc.’s holdings in Amazon.com were worth $75,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter worth $17,700,551,000. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. International Assets Investment Management LLC boosted its stake in Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after acquiring an additional 23,717,254 shares during the last quarter. FMR LLC boosted its stake in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Amazon.com in the 3rd quarter worth about $610,138,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.2 %

AMZN opened at $184.06 on Tuesday. The business has a 50 day moving average of $182.90 and a 200-day moving average of $170.62. The stock has a market cap of $1.92 trillion, a PE ratio of 51.56, a PEG ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $191.70. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the sale, the director now owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the sale, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,838 shares of company stock valued at $11,984,344. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Wells Fargo & Company raised their price target on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Stifel Nicolaus increased their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley increased their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Mizuho increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Moffett Nathanson reissued a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $213.82.

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.