Chico Wealth RIA Sells 296 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Chico Wealth RIA reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,951 shares of the e-commerce giant’s stock after selling 296 shares during the quarter. Amazon.com comprises about 0.4% of Chico Wealth RIA’s holdings, making the stock its 20th largest position. Chico Wealth RIA’s holdings in Amazon.com were worth $428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stonegate Investment Group LLC grew its stake in shares of Amazon.com by 11.1% during the fourth quarter. Stonegate Investment Group LLC now owns 597,098 shares of the e-commerce giant’s stock worth $130,997,000 after purchasing an additional 59,722 shares during the period. Tamar Securities LLC boosted its holdings in Amazon.com by 3.3% during the fourth quarter. Tamar Securities LLC now owns 185,862 shares of the e-commerce giant’s stock worth $40,776,000 after buying an additional 5,882 shares during the last quarter. Prospect Financial Services LLC grew its position in shares of Amazon.com by 1.6% during the 4th quarter. Prospect Financial Services LLC now owns 29,336 shares of the e-commerce giant’s stock worth $6,436,000 after buying an additional 458 shares during the period. Perigon Wealth Management LLC increased its stake in shares of Amazon.com by 0.4% in the 4th quarter. Perigon Wealth Management LLC now owns 434,008 shares of the e-commerce giant’s stock valued at $95,768,000 after acquiring an additional 1,584 shares during the last quarter. Finally, Next Level Private LLC raised its position in shares of Amazon.com by 0.7% in the 4th quarter. Next Level Private LLC now owns 11,615 shares of the e-commerce giant’s stock valued at $2,548,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,611 shares of company stock worth $11,122,402 in the last 90 days. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Raymond James upped their price objective on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Susquehanna lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Wedbush restated an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Trading Down 0.7 %

NASDAQ AMZN opened at $228.68 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $228.21 and a 200 day simple moving average of $202.55. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 9.29% and a return on equity of 25.49%. On average, analysts predict that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

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.