Nelson Capital Management LLC Has $13.36 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Nelson Capital Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,890 shares of the e-commerce giant's stock after selling 1,643 shares during the period. Amazon.com comprises about 2.2% of Nelson Capital Management LLC's investment portfolio, making the stock its 11th largest position. Nelson Capital Management LLC's holdings in Amazon.com were worth $13,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Accordant Advisory Group Inc boosted its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares in the last quarter. Icon Wealth Advisors LLC increased its stake 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. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter valued at about $45,000. Quattro Financial Advisors LLC lifted its position in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares in the last quarter. Finally, Compass Planning Associates Inc bought a new stake in Amazon.com during the 4th quarter worth about $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. Canaccord Genuity Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Morgan Stanley boosted their target price on Amazon.com from $230.00 to $280.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, December 9th. JMP Securities reissued a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, Rosenblatt Securities raised their target price on shares of Amazon.com from $236.00 to $287.00 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $260.11.

Amazon.com Stock Down 2.1 %

Shares of Amazon.com stock traded down $4.12 on Monday, reaching $188.60. 32,306,674 shares of the company were exchanged, compared to its average volume of 39,807,073. The company has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.12, a PEG 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, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a 50-day moving average of $216.86 and a 200 day moving average of $209.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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 net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 27,500 shares of the 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 sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. Company 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.