Atlas Brown Inc. Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Atlas Brown Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,318 shares of the e-commerce giant’s stock after selling 3,350 shares during the period. Amazon.com accounts for about 1.0% of Atlas Brown Inc.’s investment portfolio, making the stock its 26th biggest holding. Atlas Brown Inc.’s holdings in Amazon.com were worth $2,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Iron Horse Wealth Management LLC lifted its position in Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares during the period. Wells Financial Advisors INC lifted its position in Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares during the period. Knott David M Jr purchased a new position in Amazon.com during the 2nd quarter valued at about $32,000. Laurel Wealth Planning LLC increased its stake in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC increased its stake in Amazon.com by 1,900.0% during the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 342 shares in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMZN shares. UBS Group raised their price objective on shares of Amazon.com from $118.00 to $127.00 in a research note on Friday, February 3rd. Truist Financial reduced their price objective on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. MKM Partners reduced their price target on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 18th. Cowen lifted their price target on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, December 1st. Finally, Rosenblatt Securities lifted their price target on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $144.72.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is currently owned by insiders.

Amazon.com Stock Down 1.1 %

NASDAQ:AMZN opened at $98.95 on Friday. The firm has a market cap of $1.01 trillion, a PE ratio of -369.20, a price-to-earnings-growth ratio of 3.91 and a beta of 1.25. The company has a 50-day moving average of $97.01 and a 200 day moving average of $101.72. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.