Slow Capital Inc. Sells 2,796 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Slow Capital Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,675 shares of the e-commerce giant’s stock after selling 2,796 shares during the quarter. Amazon.com comprises about 3.9% of Slow Capital Inc.’s investment portfolio, making the stock its 5th biggest position. Slow Capital Inc.’s holdings in Amazon.com were worth $27,352,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMZN. Rench Wealth Management Inc. boosted its holdings in Amazon.com by 7.9% in the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after acquiring an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after acquiring an additional 16,392 shares during the last quarter. Blankinship & Foster LLC boosted its holdings in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after acquiring an additional 4,740 shares during the last quarter. Umpqua Bank boosted its holdings in Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after acquiring an additional 137 shares during the last quarter. Finally, One Wealth Capital Management LLC acquired a new position in Amazon.com in the fourth quarter valued at $4,270,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction dated 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 sale, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,848 shares of company stock valued at $11,368,639. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of NASDAQ AMZN opened at $228.68 on Monday. The company has a market cap of $2.42 trillion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $228.21 and its 200 day simple moving average is $202.44.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMZN shares. Canaccord Genuity Group lifted their target price on Amazon.com from $265.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Wolfe Research raised their price objective on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Tigress Financial raised their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two investment 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’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

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.