TCI Wealth Advisors Inc. sells 713 shares of Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest Form 13F filed with the SEC, TCI Wealth Advisors Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) up 1.6% in the fourth quarter. The institutional investor owned 44,270 shares of the e-commerce giant after selling 713 shares during the period. Amazon.com makes up about 0.7% of TCI Wealth Advisors Inc.’s investment portfolio, making it its 23rd-largest holding. At the end of the last reporting period, the value of shares of TCI Wealth Advisors Inc. on Amazon.com was $6,726,000.

Several other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its exposure to shares of Amazon.com by 1.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,524,721 shares of the e-commerce giant’s stock valued at $829,423,000 after purchasing an additional 94,080 shares during the period. CHICAGO TRUST Co. NA increased its holdings in shares of Amazon.com by 13.5% in the third quarter. CHICAGO TRUST Co NA now owns 40,619 shares of the e-commerce giant’s stock valued at $5,163,000 after purchasing an additional 4,817 shares during the period. Bordeaux Wealth Advisors LLC increased its exposure to shares of Amazon.com by 65.9% during the third quarter. Bordeaux Wealth Advisors LLC now owns 25,226 shares of the e-commerce giant’s stock valued at $3,207,000 after purchasing an additional 10,020 shares during the period. Insight Wealth Partners LLC increased its holdings in Amazon.com by 21.1% during the third quarter. Insight Wealth Partners LLC now owns 5,086 shares of the e-commerce giant’s stock valued at $647,000 after purchasing an additional 887 shares in the last quarter. Finally, Meitav Investment House Ltd. increased its holdings in Amazon.com by 30.0% in the 3rd quarter. Meitav Investment House Ltd. now owns 868,624 shares of the e-commerce giant’s stock valued at $110,201,000 after purchasing an additional 200,569 shares in the last quarter. Institutional investors hold 72.20% of the company’s shares.

Amazon.com shares fell 0.2%

NASDAQ AMZN shares opened at $180.75 on Tuesday. The company has a market capitalization of $1.88 trillion, a P/E ratio of 50.63, a price-to-earnings ratio of 1.29 and a beta of 1.15. Amazon.com, Inc. it has a 52-week low of $114.31 and a 52-week high of $191.70. The company has a debt to equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company’s 50-day moving average price is $182.16 and its 200-day moving average price is $166.67.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. The company’s revenue for the quarter increased by 12.5% year-over-year. Stock analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current year.

Confidential activity on Amazon.com

In related news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of USD 190.00, for a total transaction amount of USD 1,000,160.00. Following the transaction, the director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. In other Amazon.com news, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a filing with the SEC, which can be accessed at this link. Additionally, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction amount of $1,000,160.00. Following the transaction, the director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The announcement of this sale can be found here. Insiders sold 117,894 shares of company stock worth $21,363,909 in the last quarter. Company insiders own 10.80% of the company’s shares.

Analysts set new price targets

Several research analysts have commented on the stock recently. Robert W. Baird raised their target price on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” in a report on Wednesday, May 1st. Argus raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” in a report on Thursday, May 2. Wolfe Research raised their target price on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Truist Financial increased their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One equity research analyst rated the company’s shares with a hold recommendation, forty-four issued a buy recommendation, and one gave a strong buy recommendation. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $211.62.

Download our latest research report on AMZN

About Amazon.com

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Amazon.com shares fell 0.2%

Confidential activity on Amazon.com

Analysts set new price targets

About Amazon.com

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