Novare Capital Management LLC Has $28.83 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Novare Capital Management LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,413 shares of the e-commerce giant’s stock after selling 536 shares during the quarter. Amazon.com comprises about 2.4% of Novare Capital Management LLC’s holdings, making the stock its 8th largest position. Novare Capital Management LLC’s holdings in Amazon.com were worth $28,831,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AMZN. Fiera Capital Corp increased its position in shares of Amazon.com by 12.5% during 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 period. EPIQ Capital Group LLC increased its position in shares of Amazon.com by 250.0% during 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 period. Plancorp LLC increased its position in shares of Amazon.com by 2.9% during 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 period. Virtu Financial LLC increased its position in shares of Amazon.com by 66.6% during 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 period. Finally, Tower Wealth Partners Inc. grew 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 purchasing an additional 773 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $228.68 on Friday. The company’s 50 day moving average is $228.18 and its 200-day moving average is $201.98. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.40 trillion, a P/E ratio of 41.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

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

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,848 shares of company stock valued at $11,368,639. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Roth Mkm raised their price target on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wedbush restated an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. Sanford C. Bernstein raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, TD Cowen raised their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $260.74.

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.