Shulman DeMeo Asset Management LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,195 shares of the e-commerce giant’s stock after selling 107 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in Amazon.com were worth $920,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of AMZN. Hoese & Co LLP bought a new stake in shares of Amazon.com during the 3rd quarter valued at $37,000. Bull Oak Capital LLC bought a new position in Amazon.com during the third quarter valued at $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com in the third quarter worth $56,000. IFS Advisors LLC increased its holdings in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares during the period. Finally, West Financial Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on AMZN. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Tigress Financial lifted their target price on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $249.46.
Insider Buying and Selling
In related news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s 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 transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.
Amazon.com Trading Down 0.5 %
Shares of AMZN stock opened at $237.07 on Thursday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77. The company has a market capitalization of $2.49 trillion, a price-to-earnings ratio of 50.76, a PEG ratio of 1.31 and a beta of 1.14. The firm has a 50-day moving average price of $221.62 and a 200 day moving average price of $198.03. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results 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. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Research analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.
Amazon.com Company 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.
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