Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 566,007 shares of the e-commerce giant's stock after selling 28,195 shares during the quarter. Amazon.com comprises about 1.5% of Atria Investments Inc's holdings, making the stock its 4th largest position. Atria Investments Inc's holdings in Amazon.com were worth $124,176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc grew its stake in Amazon.com by 400.0% in 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 during the period. Icon Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC grew its position in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the period. Compass Planning Associates Inc acquired a new position in Amazon.com in the fourth quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Amazon.com during the fourth quarter worth about $54,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value 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. This represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 over the last three months. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Up 12.0 %

Shares of AMZN traded up $20.44 during mid-day trading on Wednesday, reaching $191.10. The company's stock had a trading volume of 116,421,045 shares, compared to its average volume of 41,420,713. The company has a market cap of $2.03 trillion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The business has a fifty day moving average of $206.49 and a 200 day moving average of $208.56. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. 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 announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on AMZN shares. TD Cowen lifted their price target on Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Piper Sandler reaffirmed an "overweight" rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. Needham & Company LLC restated a "buy" rating and set a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $259.04.

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.