West Oak Capital LLC Sells 1,400 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

West Oak Capital LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,675 shares of the e-commerce giant’s stock after selling 1,400 shares during the quarter. West Oak Capital LLC’s holdings in Amazon.com were worth $1,905,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fiduciary Planning LLC raised its position in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC raised its position in shares of Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. grew its stake in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares during the period. Alterna Wealth Management Inc. grew its stake in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners grew its stake in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares during the period. 57.64% of the stock is currently owned by institutional investors.

Insider Activity

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

Amazon.com Stock Performance

Shares of AMZN opened at $98.95 on Friday. The firm has a market cap of $1.01 trillion, a PE ratio of -369.20, a PEG ratio of 3.91 and a beta of 1.25. The stock’s fifty day moving average price is $97.01 and its two-hundred day moving average price is $101.72. 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, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $1.39 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on AMZN. Credit Suisse Group raised their target price on Amazon.com from $142.00 to $171.00 and gave the stock an “outperform” rating in a research note on Monday, January 30th. Tigress Financial reaffirmed a “buy” rating and set a $192.00 target price on shares of Amazon.com in a research note on Thursday, February 9th. Oppenheimer raised their target price on Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. DA Davidson raised their target price on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, Robert W. Baird raised their price objective on Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $144.72.

About Amazon.com

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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.