Signet Financial Management LLC Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Signet Financial Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,333 shares of the e-commerce giant’s stock after selling 46 shares during the quarter. Amazon.com accounts for about 0.9% of Signet Financial Management LLC’s holdings, making the stock its 28th largest position. Signet Financial Management LLC’s holdings in Amazon.com were worth $7,094,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Heritage Family Offices LLP purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $206,000. Abacus Planning Group Inc. grew its holdings in Amazon.com by 0.7% during the second quarter. Abacus Planning Group Inc. now owns 129,352 shares of the e-commerce giant’s stock valued at $24,997,000 after purchasing an additional 910 shares during the period. Sabal Trust CO increased its position in Amazon.com by 3.0% in the second quarter. Sabal Trust CO now owns 38,011 shares of the e-commerce giant’s stock worth $7,346,000 after buying an additional 1,106 shares during the last quarter. Cadinha & Co. LLC raised its stake in shares of Amazon.com by 726.5% in the second quarter. Cadinha & Co. LLC now owns 81,368 shares of the e-commerce giant’s stock valued at $15,724,000 after buying an additional 71,523 shares during the period. Finally, United Capital Management of KS Inc. lifted its position in shares of Amazon.com by 1.6% during the 2nd quarter. United Capital Management of KS Inc. now owns 86,517 shares of the e-commerce giant’s stock valued at $16,719,000 after buying an additional 1,388 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group upped their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Royal Bank of Canada lifted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Wedbush lifted their price target on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. 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 company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $249.02.

Amazon.com Stock Down 0.2 %

Shares of NASDAQ:AMZN opened at $234.85 on Friday. The stock’s 50-day moving average is $219.63 and its 200 day moving average is $197.22. The company has a market cap of $2.47 trillion, a PE ratio of 50.29, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $236.40.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

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.