Whitener Capital Management Inc. Sells 2,057 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Whitener Capital Management Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,728 shares of the e-commerce giant’s stock after selling 2,057 shares during the quarter. Amazon.com makes up about 4.8% of Whitener Capital Management Inc.’s portfolio, making the stock its 6th biggest holding. Whitener Capital Management Inc.’s holdings in Amazon.com were worth $17,272,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AMZN. Defined Wealth Management LLC raised its position in shares of Amazon.com by 6.4% during the 4th quarter. Defined Wealth Management LLC now owns 3,053 shares of the e-commerce giant’s stock worth $670,000 after purchasing an additional 183 shares during the last quarter. 25 LLC increased its stake in Amazon.com by 13.2% during the 4th quarter. 25 LLC now owns 5,620 shares of the e-commerce giant’s stock worth $1,233,000 after buying an additional 655 shares in the last quarter. Sax Wealth Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at approximately $5,949,000. Merit Financial Group LLC lifted its position in shares of Amazon.com by 37.9% in the fourth quarter. Merit Financial Group LLC now owns 283,663 shares of the e-commerce giant’s stock valued at $62,233,000 after acquiring an additional 77,972 shares in the last quarter. Finally, Grant GrossMendelsohn LLC lifted its position in shares of Amazon.com by 10.0% in the fourth quarter. Grant GrossMendelsohn LLC now owns 3,977 shares of the e-commerce giant’s stock valued at $873,000 after acquiring an additional 361 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on AMZN. Tigress Financial increased their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. HSBC increased their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Roth Mkm increased their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Two investment 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. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $250.33.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 1.3 %

Amazon.com stock opened at $237.68 on Friday. The firm has a market capitalization 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. 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, Inc. has a twelve month low of $151.61 and a twelve month high of $241.77. The stock’s fifty day simple moving average is $223.02 and its 200-day simple moving average is $198.55.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 5.3 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.