EP Wealth Advisors LLC Sells 44,315 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

EP Wealth Advisors LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,064,585 shares of the e-commerce giant’s stock after selling 44,315 shares during the quarter. Amazon.com makes up 1.9% of EP Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest position. EP Wealth Advisors LLC’s holdings in Amazon.com were worth $233,559,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth $25,000. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth $35,000. Finally, Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. The Goldman Sachs Group cut their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Bank of America cut their price target on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Jefferies Financial Group lowered their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Piper Sandler reissued an “overweight” rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Amazon.com Stock Performance

Shares of AMZN stock opened at $200.99 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a 50 day moving average price of $190.05 and a 200 day moving average price of $208.81. The firm has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer now owns 2,148,694 shares of the company’s stock, valued at $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold 118,749 shares of company stock valued at $24,197,235 over the last 90 days. Corporate insiders own 9.70% of the company’s stock.

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.