Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by Cora Capital Advisors LLC

Cora Capital Advisors LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,752 shares of the e-commerce giant’s stock after selling 140 shares during the quarter. Amazon.com accounts for 1.5% of Cora Capital Advisors LLC’s portfolio, making the stock its 17th largest position. Cora Capital Advisors LLC’s holdings in Amazon.com were worth $3,017,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fiera Capital Corp increased its holdings in 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 buying an additional 44,615 shares during the last quarter. EPIQ Capital Group LLC increased its holdings in Amazon.com by 250.0% in the second quarter. EPIQ Capital Group LLC now owns 8,071 shares of the e-commerce giant’s stock worth $1,560,000 after buying an additional 5,765 shares during the last quarter. Plancorp LLC increased its holdings in Amazon.com by 2.9% in the second quarter. Plancorp LLC now owns 31,451 shares of the e-commerce giant’s stock worth $6,078,000 after buying an additional 897 shares during the last quarter. Virtu Financial LLC increased its holdings in Amazon.com by 66.6% in the second quarter. Virtu Financial LLC now owns 76,249 shares of the e-commerce giant’s stock worth $14,735,000 after buying an additional 30,492 shares during the last quarter. Finally, Tower Wealth Partners Inc. increased its holdings in Amazon.com by 20.9% in the second quarter. Tower Wealth Partners Inc. now owns 4,474 shares of the e-commerce giant’s stock worth $865,000 after buying an additional 773 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ AMZN opened at $228.68 on Friday. The stock has a market cap of $2.40 trillion, a PE ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. The business has a fifty day moving average of $228.18 and a two-hundred day moving average of $201.98. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week 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.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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%. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Truist Financial increased their price target on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Morgan Stanley increased their price target on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Benchmark increased their price target on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Scotiabank increased their price target on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Finally, Roth Mkm increased their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was 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 in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,848 shares of company stock worth $11,368,639. 10.80% of the stock is owned by corporate insiders.

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.