Arcadia Wealth Management LLC Sells 3,622 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Arcadia Wealth Management LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,215 shares of the e-commerce giant's stock after selling 3,622 shares during the quarter. Amazon.com comprises about 1.4% of Arcadia Wealth Management LLC's holdings, making the stock its 18th largest position. Arcadia Wealth Management LLC's holdings in Amazon.com were worth $2,680,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AMZN. Fiera Capital Corp increased its position in shares of Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant's stock worth $77,515,000 after buying an additional 44,615 shares during the period. Beck Bode LLC bought a new position in Amazon.com during the second quarter worth $651,000. Clear Point Advisors Inc. boosted its stake in Amazon.com by 3.2% during the second quarter. Clear Point Advisors Inc. now owns 5,176 shares of the e-commerce giant's stock worth $1,000,000 after acquiring an additional 160 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its stake in Amazon.com by 2.5% during the second quarter. Zurich Insurance Group Ltd FI now owns 2,722,578 shares of the e-commerce giant's stock worth $526,138,000 after acquiring an additional 66,598 shares in the last quarter. Finally, Fred Alger Management LLC boosted its stake in Amazon.com by 1.7% during the second quarter. Fred Alger Management LLC now owns 6,521,736 shares of the e-commerce giant's stock worth $1,260,325,000 after acquiring an additional 108,494 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN traded down $6.30 during trading hours on Friday, reaching $216.58. 55,147,843 shares of the company were exchanged, compared to its average volume of 35,339,464. The stock has a market capitalization of $2.30 trillion, a P/E ratio of 39.16, a P/E/G ratio of 1.54 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business's 50 day simple moving average is $227.88 and its 200-day simple moving average is $203.96. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,852 shares of company stock worth $9,324,151 over the last quarter. Corporate insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMZN shares. Wells Fargo & Company cut their target price on shares of Amazon.com from $212.00 to $207.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Wedbush reissued an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Scotiabank increased their target price on shares of Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Finally, Maxim Group raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $260.74.

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.