Marshall & Sullivan Inc. WA Has $7.07 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Marshall & Sullivan Inc. WA trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,215 shares of the e-commerce giant’s stock after selling 380 shares during the quarter. Amazon.com accounts for approximately 3.5% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 7th largest holding. Marshall & Sullivan Inc. WA’s holdings in Amazon.com were worth $7,068,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Claro Advisors LLC boosted its holdings in shares of Amazon.com by 1.8% in the 4th quarter. Claro Advisors LLC now owns 77,097 shares of the e-commerce giant’s stock worth $16,914,000 after buying an additional 1,331 shares during the last quarter. Abound Wealth Management lifted its holdings in Amazon.com by 4.5% during the fourth quarter. Abound Wealth Management now owns 9,618 shares of the e-commerce giant’s stock valued at $2,110,000 after purchasing an additional 414 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Amazon.com by 2.4% during the fourth quarter. Sivia Capital Partners LLC now owns 34,813 shares of the e-commerce giant’s stock valued at $7,638,000 after purchasing an additional 827 shares during the last quarter. Enterprise Bank & Trust Co increased its position in shares of Amazon.com by 2.1% during the fourth quarter. Enterprise Bank & Trust Co now owns 44,690 shares of the e-commerce giant’s stock valued at $9,805,000 after buying an additional 927 shares during the period. Finally, Fulcrum Capital LLC increased its position in shares of Amazon.com by 1.1% during the fourth quarter. Fulcrum Capital LLC now owns 101,212 shares of the e-commerce giant’s stock valued at $22,205,000 after buying an additional 1,055 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Up 0.2 %

AMZN stock opened at $235.42 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $235.52. The business’s 50-day moving average price is $219.15 and its 200-day moving average price is $196.95. The stock has a market cap of $2.48 trillion, a P/E ratio of 50.41, a PEG ratio of 1.29 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 5.39 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMZN. Truist Financial upped their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark upped their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Loop Capital increased their price objective on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, HSBC raised their price target on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $247.72.

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.