Gryphon Financial Partners LLC Decreases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Gryphon Financial Partners LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,034 shares of the e-commerce giant's stock after selling 2,198 shares during the quarter. Amazon.com accounts for about 1.6% of Gryphon Financial Partners LLC's investment portfolio, making the stock its 15th largest position. Gryphon Financial Partners LLC's holdings in Amazon.com were worth $11,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Meridian Wealth Management LLC grew its position in Amazon.com by 2.0% during the 4th quarter. Meridian Wealth Management LLC now owns 320,866 shares of the e-commerce giant's stock worth $70,395,000 after acquiring an additional 6,161 shares during the last quarter. Kelly Financial Group LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $1,106,000. Auxano Advisors LLC increased its stake in shares of Amazon.com by 1.0% in the fourth quarter. Auxano Advisors LLC now owns 165,885 shares of the e-commerce giant's stock valued at $36,393,000 after buying an additional 1,695 shares in the last quarter. Keystone Wealth Services LLC raised its holdings in shares of Amazon.com by 4.9% in the fourth quarter. Keystone Wealth Services LLC now owns 21,290 shares of the e-commerce giant's stock valued at $4,671,000 after buying an additional 991 shares during the last quarter. Finally, Lanham O Dell & Company Inc. lifted its position in Amazon.com by 12.7% during the 4th quarter. Lanham O Dell & Company Inc. now owns 2,427 shares of the e-commerce giant's stock worth $532,000 after buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Remove Ads

Amazon.com Trading Up 0.9 %

Shares of Amazon.com stock traded up $1.88 on Thursday, hitting $203.01. 8,690,220 shares of the company's stock traded hands, compared to its average volume of 38,339,477. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a fifty day moving average of $217.91 and a two-hundred day moving average of $208.80.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. Raymond James boosted their target price on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Roth Mkm upped their price objective on Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, December 9th. Benchmark raised their target price on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Loop Capital increased their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, Rosenblatt Securities increased their target price on Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $260.65.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, 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. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 over the last quarter. 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.