Regal Investment Advisors LLC Sells 8,509 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Regal Investment Advisors LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,162 shares of the e-commerce giant's stock after selling 8,509 shares during the quarter. Amazon.com comprises 0.7% of Regal Investment Advisors LLC's investment portfolio, making the stock its 27th biggest position. Regal Investment Advisors LLC's holdings in Amazon.com were worth $9,689,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. United Capital Financial Advisors LLC boosted its position in shares of Amazon.com by 1.2% during the 4th quarter. United Capital Financial Advisors LLC now owns 546,334 shares of the e-commerce giant's stock valued at $119,860,000 after acquiring an additional 6,721 shares during the last quarter. Integrity Wealth Advisors Inc. purchased a new stake in Amazon.com in the fourth quarter valued at approximately $1,199,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Amazon.com during the fourth quarter valued at approximately $4,827,000. Keeley Teton Advisors LLC grew its stake in Amazon.com by 29.8% in the 4th quarter. Keeley Teton Advisors LLC now owns 4,360 shares of the e-commerce giant's stock worth $957,000 after buying an additional 1,000 shares in the last quarter. Finally, Delaney Dennis R grew its stake in Amazon.com by 1.9% in the 4th quarter. Delaney Dennis R now owns 35,728 shares of the e-commerce giant's stock worth $7,838,000 after buying an additional 670 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 0.5%

AMZN traded down $1.12 during trading on Wednesday, reaching $210.25. The stock had a trading volume of 38,323,768 shares, compared to its average volume of 41,966,896. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 1.50 and a beta of 1.30. 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 stock's 50 day moving average is $188.72 and its two-hundred day moving average is $208.27.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 net margin of 9.29% and a return on equity of 24.25%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the business earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America cut their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Citigroup reaffirmed an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Tigress Financial boosted their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Westpark Capital reaffirmed a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,798 shares of company stock valued at $17,486,053. Corporate insiders own 9.70% of the company's stock.

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.