Holistic Financial Partners Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Holistic Financial Partners decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the fourth quarter, Holdings Channel reports. The firm owned 14,423 shares of the e-commerce giant’s stock after selling 437 shares during the period. Amazon.com accounts for 1.6% of Holistic Financial Partners’ investment portfolio, making the stock its 16th largest holding. Holistic Financial Partners’ holdings in Amazon.com were worth $3,164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rench Wealth Management Inc. increased its stake in shares of Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after buying an additional 3,703 shares during the period. Blankinship & Foster LLC increased its position in Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares during the period. Umpqua Bank increased its position in Amazon.com by 0.4% during the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after purchasing an additional 137 shares during the period. One Wealth Capital Management LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at about $4,270,000. Finally, Floyd Financial Group LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $4,494,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 2.2 %

Amazon.com stock opened at $201.13 on Thursday. The firm has a market cap of $2.13 trillion, a PE ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock’s 50 day simple moving average is $217.91 and its two-hundred day simple moving average is $208.80. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock worth $22,871,828 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMZN. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. TD Cowen upped their price objective on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Two equities 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

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.