Amazon.com, Inc. (NASDAQ:AMZN) is Laird Norton Wetherby Wealth Management LLC’s 5th Largest Position

Laird Norton Wetherby Wealth Management LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 326,038 shares of the e-commerce giant’s stock after selling 21,570 shares during the quarter. Amazon.com makes up 3.4% of Laird Norton Wetherby Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Laird Norton Wetherby Wealth Management LLC’s holdings in Amazon.com were worth $71,529,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. LifePlan Investment Advisors Inc. lifted its position in shares of Amazon.com by 7.0% during the 4th quarter. LifePlan Investment Advisors Inc. now owns 4,178 shares of the e-commerce giant’s stock valued at $917,000 after acquiring an additional 273 shares during the period. Lionshead Wealth Management LLC acquired a new position in Amazon.com during the fourth quarter worth $1,504,000. Interval Partners LP boosted its position in Amazon.com by 164.5% during the fourth quarter. Interval Partners LP now owns 203,618 shares of the e-commerce giant’s stock worth $44,672,000 after purchasing an additional 126,624 shares in the last quarter. Investment Management Corp of Ontario boosted its position in Amazon.com by 6.8% during the fourth quarter. Investment Management Corp of Ontario now owns 916,487 shares of the e-commerce giant’s stock worth $201,068,000 after purchasing an additional 58,413 shares in the last quarter. Finally, Investor s Fiduciary Advisor Network LLC acquired a new stake in Amazon.com in the fourth quarter valued at $5,651,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the transaction, the senior vice president now directly owns 47,030 shares of the company’s stock, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock worth $20,018,625 in the last 90 days. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald lifted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Benchmark reissued a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Bank of America reduced their target price on Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus dropped their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, Raymond James restated an “outperform” rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $244.09.

Amazon.com Stock Up 2.5%

Shares of NASDAQ AMZN opened at $206.02 on Wednesday. The stock has a fifty day moving average price of $190.38 and a 200 day moving average price of $208.73. 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, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market cap of $2.19 trillion, a P/E ratio of 37.25, a P/E/G ratio of 1.50 and a beta of 1.30.

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

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.