Obermeyer Wealth Partners Has $60.01 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Obermeyer Wealth Partners lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 273,515 shares of the e-commerce giant's stock after selling 4,359 shares during the quarter. Amazon.com comprises approximately 3.1% of Obermeyer Wealth Partners' holdings, making the stock its 9th largest holding. Obermeyer Wealth Partners' holdings in Amazon.com were worth $60,006,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Regent Peak Wealth Advisors LLC boosted its holdings in Amazon.com by 0.7% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after acquiring an additional 318 shares during the period. RMR Wealth Builders boosted its holdings in Amazon.com by 2.5% in the 4th quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock worth $15,450,000 after acquiring an additional 1,690 shares during the period. Richard P Slaughter Associates Inc boosted its holdings in Amazon.com by 13.0% in the 4th quarter. Richard P Slaughter Associates Inc now owns 2,117 shares of the e-commerce giant's stock worth $464,000 after acquiring an additional 244 shares during the period. Cox Capital Mgt LLC boosted its holdings in Amazon.com by 0.4% in the 4th quarter. Cox Capital Mgt LLC now owns 32,325 shares of the e-commerce giant's stock worth $7,092,000 after acquiring an additional 132 shares during the period. Finally, Founders Grove Wealth Partners LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $943,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at approximately $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president now directly owns 47,030 shares of the company's stock, valued at approximately $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMZN shares. Cantor Fitzgerald upped their price target on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $212.00 target price (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Bank of America cut their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Performance

NASDAQ AMZN traded down $1.77 during trading hours on Friday, hitting $203.93. The company had a trading volume of 51,641,602 shares, compared to its average volume of 42,021,406. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $190.57 and a 200-day simple moving average of $208.63. The firm has a market cap of $2.16 trillion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

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.