Cedar Mountain Advisors LLC Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cedar Mountain Advisors LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 46.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 864 shares of the e-commerce giant’s stock after selling 760 shares during the period. Cedar Mountain Advisors LLC’s holdings in Amazon.com were worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AMZN. Fiera Capital Corp lifted its holdings in Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares during the last quarter. Mystic Asset Management Inc. lifted its holdings in Amazon.com by 1.6% during the 2nd quarter. Mystic Asset Management Inc. now owns 17,034 shares of the e-commerce giant’s stock worth $3,292,000 after buying an additional 274 shares during the last quarter. MayTech Global Investments LLC increased its position in shares of Amazon.com by 1.8% during the second quarter. MayTech Global Investments LLC now owns 222,873 shares of the e-commerce giant’s stock worth $43,070,000 after purchasing an additional 3,904 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of Amazon.com by 307.7% during the second quarter. WINTON GROUP Ltd now owns 22,965 shares of the e-commerce giant’s stock worth $4,438,000 after purchasing an additional 17,332 shares in the last quarter. Finally, Nia Impact Advisors LLC acquired a new stake in shares of Amazon.com during the second quarter worth about $222,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN stock opened at $228.93 on Thursday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. 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 stock’s 50 day moving average price is $227.77 and its 200 day moving average price is $201.59. The firm has a market cap of $2.43 trillion, a P/E ratio of 41.40, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMZN shares. TD Cowen lifted their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their target price on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. HSBC lifted their target price on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Canaccord Genuity Group lifted their target price on Amazon.com from $265.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, JMP Securities restated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated 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 owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,850 shares of company stock worth $6,168,581 in the last 90 days. 10.80% of the stock is owned by company insiders.

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.