Vahanian & Associates Financial Planning Inc. Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Vahanian & Associates Financial Planning Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,860 shares of the e-commerce giant’s stock after selling 2,430 shares during the period. Amazon.com comprises approximately 5.3% of Vahanian & Associates Financial Planning Inc.’s investment portfolio, making the stock its 2nd largest holding. Vahanian & Associates Financial Planning Inc.’s holdings in Amazon.com were worth $1,346,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Western Financial Corp CA raised its stake in shares of Amazon.com by 6.2% during the 4th quarter. Western Financial Corp CA now owns 5,438 shares of the e-commerce giant’s stock worth $826,000 after purchasing an additional 316 shares during the period. Narwhal Capital Management raised its stake in shares of Amazon.com by 1.6% during the 4th quarter. Narwhal Capital Management now owns 187,119 shares of the e-commerce giant’s stock worth $28,431,000 after purchasing an additional 2,880 shares during the period. Financial Insights Inc. raised its stake in shares of Amazon.com by 3.9% during the 4th quarter. Financial Insights Inc. now owns 26,113 shares of the e-commerce giant’s stock worth $3,968,000 after purchasing an additional 979 shares during the period. Capital Management Associates Inc bought a new stake in shares of Amazon.com during the 4th quarter worth $1,073,000. Finally, Souders Financial Advisors raised its stake in shares of Amazon.com by 1.0% during the 4th quarter. Souders Financial Advisors now owns 32,461 shares of the e-commerce giant’s stock worth $4,932,000 after purchasing an additional 308 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Susquehanna lifted their price objective on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Wednesday, March 27th. Robert W. Baird lifted their price objective on Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their price objective on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Oppenheimer lifted their price objective on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $203.13.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now 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. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $179.54 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The stock has a 50 day moving average price of $177.60 and a two-hundred day moving average price of $157.99. The company has a market capitalization of $1.87 trillion, a P/E ratio of 61.91, a PEG ratio of 1.52 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

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.