Wellspring Financial Advisors LLC Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Wellspring Financial Advisors LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 63.6% during the 4th quarter, Holdings Channel reports. The firm owned 24,086 shares of the e-commerce giant’s stock after selling 42,119 shares during the period. Wellspring Financial Advisors LLC’s holdings in Amazon.com were worth $5,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at about $27,000. Perritt Capital Management Inc grew its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the period. Quattro Financial Advisors LLC increased its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $51,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $240.00 price objective on shares of Amazon.com in a report on Thursday, May 1st. UBS Group cut their price target on Amazon.com from $272.00 to $253.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. StockNews.com cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Friday. Finally, Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.55.

Amazon.com Trading Down 1.9 %

AMZN stock opened at $186.35 on Tuesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market capitalization of $1.98 trillion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company’s 50 day moving average price is $189.92 and its two-hundred day moving average price is $208.04. 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 issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter last year, the company earned $0.98 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now owns 506,974 shares of the company’s stock, valued at $96,664,732.58. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,298 shares of company stock valued at $23,818,478. Insiders own 9.70% of the company’s stock.

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.