Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,549 shares of the e-commerce giant’s stock after selling 265 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Amazon.com were worth $2,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Fiera Capital Corp raised its stake in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after purchasing an additional 44,615 shares during the last quarter. Slocum Gordon & Co LLP grew its holdings in shares of Amazon.com by 13.8% during the second quarter. Slocum Gordon & Co LLP now owns 2,516 shares of the e-commerce giant’s stock worth $486,000 after buying an additional 305 shares in the last quarter. Synergy Asset Management LLC raised its position in shares of Amazon.com by 6.0% in the second quarter. Synergy Asset Management LLC now owns 124,953 shares of the e-commerce giant’s stock valued at $24,147,000 after buying an additional 7,114 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in shares of Amazon.com by 4.6% in the second quarter. Farmers & Merchants Investments Inc. now owns 121,261 shares of the e-commerce giant’s stock worth $23,434,000 after buying an additional 5,327 shares in the last quarter. Finally, Wellington Shields Capital Management LLC grew its stake in Amazon.com by 2.5% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 94,074 shares of the e-commerce giant’s stock valued at $18,180,000 after acquiring an additional 2,283 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $237.68 on Monday. The firm has a market capitalization of $2.50 trillion, a PE ratio of 50.90, a price-to-earnings-growth ratio of 1.35 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. The business’s fifty day moving average price is $223.83 and its 200 day moving average price is $198.91. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $241.77.

Amazon.com (NASDAQ:AMZN) last issued its 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 business had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. The trade was 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 three months. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. DA Davidson reissued a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Rosenblatt Securities boosted their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research note on Wednesday, January 22nd. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, Robert W. Baird lifted their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $251.44.

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.