Barrett & Company Inc. Sells 7,528 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Barrett & Company Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,633 shares of the e-commerce giant’s stock after selling 7,528 shares during the period. Amazon.com makes up approximately 1.9% of Barrett & Company Inc.’s investment portfolio, making the stock its 17th biggest holding. Barrett & Company Inc.’s holdings in Amazon.com were worth $3,439,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMZN. Smith Salley & Associates increased its stake in Amazon.com by 3.8% in the fourth quarter. Smith Salley & Associates now owns 280,728 shares of the e-commerce giant’s stock worth $42,654,000 after purchasing an additional 10,394 shares during the period. Tritonpoint Wealth LLC purchased a new position in Amazon.com in the 4th quarter worth about $28,171,000. Stratos Wealth Partners LTD. increased its stake in Amazon.com by 1.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 514,661 shares of the e-commerce giant’s stock worth $78,198,000 after buying an additional 7,306 shares during the period. Stratos Investment Management LLC lifted its holdings in Amazon.com by 2.0% during the 4th quarter. Stratos Investment Management LLC now owns 37,812 shares of the e-commerce giant’s stock valued at $5,745,000 after buying an additional 735 shares in the last quarter. Finally, Trinity Street Asset Management LLP boosted its position in Amazon.com by 20.3% in the 4th quarter. Trinity Street Asset Management LLP now owns 159,402 shares of the e-commerce giant’s stock valued at $24,220,000 after buying an additional 26,910 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,889,146 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $177.23 on Tuesday. The stock has a 50-day moving average of $177.38 and a two-hundred day moving average of $157.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market cap of $1.84 trillion, a P/E ratio of 61.11, a P/E/G ratio of 1.52 and a beta of 1.17. Amazon.com, Inc. has a one year low of $101.15 and a one year high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMZN shares. Canaccord Genuity Group raised their target price on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their price objective on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. Stifel Nicolaus upped their target price on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Evercore ISI raised their price target on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $202.80.

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.