Amazon.com, Inc. (NASDAQ:AMZN) is Wambolt & Associates LLC's 5th Largest Position

Wambolt & Associates LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,499 shares of the e-commerce giant's stock after selling 5,020 shares during the quarter. Amazon.com accounts for approximately 2.4% of Wambolt & Associates LLC's investment portfolio, making the stock its 5th largest position. Wambolt & Associates LLC's holdings in Amazon.com were worth $7,569,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC grew 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 acquiring an additional 45 shares during the last quarter. Compass Planning Associates Inc acquired a new position in Amazon.com in the 4th quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com in the fourth quarter valued at about $54,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other news, 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 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 trade represents a 5.24 % 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, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN stock traded up $2.45 on Friday, hitting $188.99. 36,349,105 shares of the stock were exchanged, compared to its average volume of 41,913,658. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm's 50 day moving average is $193.52 and its two-hundred day moving average is $207.75. The firm has a market capitalization of $2.00 trillion, a PE ratio of 34.18, a P/E/G ratio of 1.50 and a beta of 1.39. 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 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%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Stifel Nicolaus dropped their price objective on shares of Amazon.com from $275.00 to $248.00 and set a "buy" rating for the company in a report on Wednesday. Benchmark raised their price target on shares of Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Westpark Capital started coverage on Amazon.com in a research report on Tuesday, April 1st. They issued a "buy" rating and a $280.00 price target on the stock. Two research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $247.56.

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.