Wealth Advisors of Tampa Bay LLC Sells 35,848 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Wealth Advisors of Tampa Bay LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 48.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,388 shares of the e-commerce giant's stock after selling 35,848 shares during the period. Amazon.com comprises approximately 2.9% of Wealth Advisors of Tampa Bay LLC's portfolio, making the stock its 6th biggest holding. Wealth Advisors of Tampa Bay LLC's holdings in Amazon.com were worth $5,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mayflower Financial Advisors LLC raised its holdings in Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant's stock worth $25,000 after purchasing an additional 572 shares in the last quarter. PayPay Securities Corp increased its stake in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock worth $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com during the 3rd quarter valued at about $49,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Amazon.com during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wolfe Research lifted their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Bank of America boosted their target price on Amazon.com from $185.00 to $204.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Oppenheimer increased their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. DA Davidson reiterated a "buy" rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Finally, UBS Group increased their price target on shares of Amazon.com from $180.00 to $198.00 and gave the company a "buy" rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Buy" and a consensus price target of $203.13.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 20,200 shares of the company's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares of the company's stock, valued at $87,397,128.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.80% of the company's stock.

Amazon.com Trading Up 1.3 %

NASDAQ AMZN traded up $2.31 on Tuesday, reaching $179.54. 36,846,234 shares of the company were exchanged, compared to its average volume of 42,847,852. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business's fifty day moving average price is $177.38 and its 200 day moving average price is $157.63. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 61.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analysts' expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com's revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. Analysts forecast that Amazon.com, Inc. will post 4.1 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.