Farther Finance Advisors LLC Has $33.47 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Farther Finance Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,562 shares of the e-commerce giant's stock after acquiring an additional 2,473 shares during the quarter. Amazon.com accounts for approximately 1.2% of Farther Finance Advisors LLC's holdings, making the stock its 9th largest position. Farther Finance Advisors LLC's holdings in Amazon.com were worth $33,471,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Accordant Advisory Group Inc boosted 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 purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC boosted its stake in 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 buying an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the period. Compass Planning Associates Inc acquired a new stake in Amazon.com in the 4th quarter valued at about $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Amazon.com in the fourth quarter worth about $54,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following 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. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Truist Financial lowered their price objective on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Wolfe Research upped their price target on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Finally, DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $253.56.

Amazon.com Stock Down 2.0 %

Shares of AMZN stock traded down $3.58 during midday trading on Wednesday, reaching $176.01. 4,306,592 shares of the stock were exchanged, compared to its average volume of 41,473,355. 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 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market cap of $1.87 trillion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company's 50 day moving average is $201.96 and its two-hundred day moving average is $208.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 net margin of 9.29% and a return on equity of 24.25%. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.