Benchmark Financial Wealth Advisors LLC Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Benchmark Financial Wealth Advisors LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,365 shares of the e-commerce giant’s stock after selling 961 shares during the quarter. Amazon.com comprises about 1.4% of Benchmark Financial Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Benchmark Financial Wealth Advisors LLC’s holdings in Amazon.com were worth $3,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. State Street Corp grew its holdings in shares of Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after acquiring an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC grew its holdings in shares of Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Amazon.com by 2.9% in the second quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after acquiring an additional 4,842,542 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total value of $76,390.00. Following the sale, the chief executive officer now owns 117,560 shares of the company’s stock, valued at $17,960,816.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares in the company, valued at approximately $17,960,816.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,214,010 shares of company stock valued at $5,505,874,846. 12.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMZN shares. Truist Financial reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Amazon.com in a report on Friday, March 22nd. Bank of America boosted their price target on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. boosted their price target on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, The Goldman Sachs Group boosted their price target on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $201.98.

Amazon.com Price Performance

Amazon.com stock opened at $183.32 on Wednesday. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 63.21, a PEG ratio of 1.62 and a beta of 1.17. The firm’s fifty day moving average is $176.88 and its 200 day moving average is $156.19. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Amazon.com’s revenue was up 13.9% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

About Amazon.com

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.