Tandem Investment Advisors Inc. Sells 372 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tandem Investment Advisors Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,279 shares of the e-commerce giant’s stock after selling 372 shares during the period. Tandem Investment Advisors Inc.’s holdings in Amazon.com were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Prakash Investment Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $7,558,000. Parcion Private Wealth LLC grew its holdings in shares of Amazon.com by 1.6% in the fourth quarter. Parcion Private Wealth LLC now owns 64,537 shares of the e-commerce giant’s stock worth $14,159,000 after purchasing an additional 1,009 shares during the last quarter. O Brien Greene & Co. Inc bought a new position in shares of Amazon.com in the fourth quarter worth approximately $271,000. Bear Mountain Capital Inc. grew its holdings in shares of Amazon.com by 2.4% in the fourth quarter. Bear Mountain Capital Inc. now owns 11,887 shares of the e-commerce giant’s stock worth $2,798,000 after purchasing an additional 280 shares during the last quarter. Finally, Morningstar Investment Management LLC grew its holdings in shares of Amazon.com by 32.8% in the fourth quarter. Morningstar Investment Management LLC now owns 78,397 shares of the e-commerce giant’s stock worth $17,200,000 after purchasing an additional 19,364 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AMZN shares. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. JMP Securities restated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. TD Cowen raised their target price on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Moffett Nathanson raised their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Price Performance

NASDAQ AMZN opened at $196.21 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a 50-day moving average of $218.90 and a 200 day moving average of $207.97. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 35.48, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last three months. 10.80% of the stock is currently owned by company insiders.

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.