Paces Ferry Wealth Advisors LLC Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Paces Ferry Wealth Advisors LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,447 shares of the e-commerce giant's stock after selling 6,180 shares during the quarter. Amazon.com makes up 2.6% of Paces Ferry Wealth Advisors LLC's investment portfolio, making the stock its 10th biggest holding. Paces Ferry Wealth Advisors LLC's holdings in Amazon.com were worth $5,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Hill Island Financial LLC increased its holdings in shares of Amazon.com by 1.6% in the 4th quarter. Hill Island Financial LLC now owns 5,885 shares of the e-commerce giant's stock valued at $1,291,000 after acquiring an additional 91 shares during the last quarter. Samalin Investment Counsel LLC lifted its position in Amazon.com by 7.9% in the fourth quarter. Samalin Investment Counsel LLC now owns 6,130 shares of the e-commerce giant's stock valued at $1,345,000 after acquiring an additional 449 shares during the last quarter. Heron Bay Capital Management grew its holdings in shares of Amazon.com by 0.4% during the fourth quarter. Heron Bay Capital Management now owns 79,488 shares of the e-commerce giant's stock worth $17,439,000 after purchasing an additional 356 shares during the last quarter. Banco de Sabadell S.A increased its position in shares of Amazon.com by 1.4% during the fourth quarter. Banco de Sabadell S.A now owns 12,252 shares of the e-commerce giant's stock worth $2,690,000 after purchasing an additional 174 shares in the last quarter. Finally, Blueprint Investment Partners LLC boosted its position in shares of Amazon.com by 34.2% in the 4th quarter. Blueprint Investment Partners LLC now owns 45,919 shares of the e-commerce giant's stock valued at $10,074,000 after purchasing an additional 11,698 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Jefferies Financial Group cut their price target on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Citizens Jmp decreased their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Mizuho dropped their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Rosenblatt Securities boosted their price target on Amazon.com from $236.00 to $287.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $247.56.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 5,848 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the transaction, the senior vice president now owns 69,162 shares of the company's stock, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 in the last ninety days. Insiders own 10.80% of the company's stock.

Amazon.com Stock Up 1.3 %

Shares of AMZN traded up $2.45 during midday trading on Friday, reaching $188.99. 36,349,105 shares of the company were exchanged, compared to its average volume of 41,913,658. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a 50-day moving average price of $193.52 and a 200-day moving average price of $208.05. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.00 trillion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.50 and a beta of 1.39.

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

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.