InTrack Investment Management Inc Has $2.97 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

InTrack Investment Management Inc lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,656 shares of the e-commerce giant’s stock after selling 783 shares during the period. Amazon.com makes up approximately 2.1% of InTrack Investment Management Inc’s holdings, making the stock its 8th largest position. InTrack Investment Management Inc’s holdings in Amazon.com were worth $2,974,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the last quarter. Hoese & Co LLP bought a new stake in Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com during the 3rd quarter worth about $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com during the third quarter valued at about $56,000. Finally, IFS Advisors LLC raised its position in shares of Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after buying an additional 325 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $237.68 on Friday. The stock’s 50-day simple moving average is $223.02 and its 200 day simple moving average is $198.55. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $241.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market cap of $2.50 trillion, a P/E ratio of 50.90, a P/E/G ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMZN shares. Rosenblatt Securities lifted their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho raised their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Wedbush restated an “outperform” rating and issued a $280.00 target price (up previously from $260.00) on shares of Amazon.com in a research note on Monday, January 27th. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $250.33.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % 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 Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,027,340 shares of company stock worth $1,252,456,773 over the last 90 days. Company insiders own 10.80% of the company’s stock.

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.