Woodard & Co. Asset Management Group Inc. ADV Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Woodard & Co. Asset Management Group Inc. ADV lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,427 shares of the e-commerce giant’s stock after selling 640 shares during the period. Amazon.com makes up approximately 1.2% of Woodard & Co. Asset Management Group Inc. ADV’s portfolio, making the stock its 15th biggest holding. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Amazon.com were worth $4,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. One Wealth Management Investment & Advisory Services LLC acquired a new stake in Amazon.com in the fourth quarter valued at $8,743,000. Global Assets Advisory LLC boosted its stake in Amazon.com by 1.7% in the 4th quarter. Global Assets Advisory LLC now owns 21,450 shares of the e-commerce giant’s stock worth $3,259,000 after buying an additional 367 shares during the last quarter. Means Investment CO. Inc. boosted its stake in Amazon.com by 0.7% in the 4th quarter. Means Investment CO. Inc. now owns 239,073 shares of the e-commerce giant’s stock worth $36,325,000 after buying an additional 1,733 shares during the last quarter. Zweig DiMenna Associates LLC boosted its stake in Amazon.com by 9.2% in the 4th quarter. Zweig DiMenna Associates LLC now owns 316,655 shares of the e-commerce giant’s stock worth $48,113,000 after buying an additional 26,700 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Amazon.com by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,977,232 shares of the e-commerce giant’s stock valued at $300,421,000 after purchasing an additional 20,075 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMZN. BMO Capital Markets lifted their price objective on Amazon.com from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday. Monness Crespi & Hardt boosted their price target on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus boosted their price target on Amazon.com from $200.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Oppenheimer boosted their price objective on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Mizuho boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $204.76.

Amazon.com Stock Performance

Amazon.com stock opened at $176.59 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.83 trillion, a PE ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16. The firm has a fifty day simple moving average of $177.71 and a two-hundred day simple moving average of $158.12. Amazon.com, Inc. has a twelve month low of $101.15 and a twelve month high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. Research analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current year.

Insider Activity

In other 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 transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Douglas J. Herrington sold 20,200 shares of the 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 completion of the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Insiders own 10.80% of the company’s stock.

Amazon.com 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.