Miller Wealth Advisors LLC Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Miller Wealth Advisors LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,530 shares of the e-commerce giant's stock after selling 9,473 shares during the period. Amazon.com makes up approximately 29.1% of Miller Wealth Advisors LLC's portfolio, making the stock its biggest holding. Miller Wealth Advisors LLC's holdings in Amazon.com were worth $57,158,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB raised its position in shares of Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock valued at $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Swedbank AB boosted its holdings in shares of Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC acquired a new position in Amazon.com in the third quarter valued at approximately $279,000. Howard Capital Management Group LLC boosted its position in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after purchasing an additional 897 shares during the period. Finally, Meridian Management Co. grew its position in shares of Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock worth $6,235,000 after acquiring an additional 7,246 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

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Amazon.com Price Performance

AMZN traded down $4.14 during trading on Monday, reaching $188.58. 32,306,674 shares of the stock were exchanged, compared to its average volume of 39,807,073. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The business's 50 day moving average price is $216.86 and its two-hundred day moving average price is $209.25. The company has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMZN. Jefferies Financial Group decreased their price objective on Amazon.com from $275.00 to $250.00 and set a "buy" rating for the company in a report on Monday. Piper Sandler restated an "overweight" rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. DA Davidson boosted their price objective on Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Wedbush restated an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $260.11.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 5,848 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the sale, the senior vice president now directly owns 69,162 shares of the company's stock, valued at approximately $15,265,436.64. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last ninety days. Company insiders own 10.80% 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.