GenTrust LLC Sells 14,857 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

GenTrust LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 26.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,948 shares of the e-commerce giant's stock after selling 14,857 shares during the quarter. GenTrust LLC's holdings in Amazon.com were worth $9,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Accordant Advisory Group Inc increased its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. Compass Planning Associates Inc bought a new stake in Amazon.com in the 4th quarter valued at $51,000. Quattro Financial Advisors LLC raised its stake in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock worth $63,000 after acquiring an additional 112 shares during the period. Finally, Sycomore Asset Management boosted its position in shares of Amazon.com by 100.0% during the 4th quarter. Sycomore Asset Management now owns 300 shares of the e-commerce giant's stock valued at $66,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Mizuho increased their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Raymond James raised their target price on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Maxim Group upped their price target on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Jefferies Financial Group cut 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. Finally, HSBC upped their target price 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 research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $260.53.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $3.84 on Wednesday, hitting $196.01. The company's stock had a trading volume of 52,583,223 shares, compared to its average volume of 40,059,232. The stock has a fifty day moving average of $214.60 and a two-hundred day moving average of $209.22. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 35.44, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. 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 (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 analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business'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 transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by company 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.