Mirador Capital Partners LP Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mirador Capital Partners LP cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,304 shares of the e-commerce giant's stock after selling 1,379 shares during the quarter. Amazon.com accounts for approximately 3.9% of Mirador Capital Partners LP's holdings, making the stock its 5th biggest position. Mirador Capital Partners LP's holdings in Amazon.com were worth $21,567,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Icon Wealth Advisors LLC increased its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at about $45,000. Values First Advisors Inc. acquired a new position in Amazon.com during the 3rd quarter worth approximately $56,000. Finally, IFS Advisors LLC raised its position in shares of Amazon.com by 1,625.0% in the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant's stock valued at $76,000 after purchasing an additional 325 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $270.00 price target on shares of Amazon.com in a report on Wednesday, January 22nd. Piper Sandler upped their price objective on Amazon.com from $215.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Stifel Nicolaus upped their price objective on Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a report on Friday, November 1st. Redburn Atlantic upped their price objective on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Bank of America upped their price objective on Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $249.46.

Amazon.com Stock Performance

NASDAQ:AMZN traded down $2.43 during trading hours on Thursday, hitting $234.64. 31,950,988 shares of the company traded hands, compared to its average volume of 32,440,846. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.24, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $222.30 and a 200 day moving average of $198.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business's revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 5.39 EPS for the current year.

Insider Activity

In related news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company's stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Company 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.