Consolidated Capital Management LLC Sells 887 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Consolidated Capital Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 69,842 shares of the e-commerce giant’s stock after selling 887 shares during the period. Amazon.com comprises about 6.7% of Consolidated Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Consolidated Capital Management LLC’s holdings in Amazon.com were worth $15,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Fiera Capital Corp lifted its position in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after buying an additional 3,903,889 shares during the period. Chris Bulman Inc purchased a new stake in Amazon.com in the 2nd quarter worth approximately $268,000. Keating Investment Counselors Inc. acquired a new stake in shares of Amazon.com during the 2nd quarter valued at $232,000. Finally, Delta Financial Advisors LLC grew its holdings in shares of Amazon.com by 0.5% during the 2nd quarter. Delta Financial Advisors LLC now owns 27,240 shares of the e-commerce giant’s stock valued at $5,264,000 after acquiring an additional 125 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at $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 available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com 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 transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,027,340 shares of company stock worth $1,252,456,773 in the last 90 days. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on AMZN shares. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Telsey Advisory Group reissued an “outperform” rating and issued a $275.00 price target on shares of Amazon.com in a research note on Friday, January 31st. Morgan Stanley raised their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Roth Mkm lifted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.56.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $242.06 on Wednesday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.55 trillion, a P/E ratio of 51.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The firm’s 50-day simple moving average is $224.55 and its 200-day simple moving average is $199.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

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.