SOL Capital Management CO Has $6.81 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

SOL Capital Management CO trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,047 shares of the e-commerce giant’s stock after selling 694 shares during the period. SOL Capital Management CO’s holdings in Amazon.com were worth $6,811,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Fiera Capital Corp raised its holdings 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 valued at $77,515,000 after purchasing an additional 44,615 shares during the period. Beck Bode LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $651,000. Tairen Capital Ltd increased its position in Amazon.com by 1,177.9% in the 2nd quarter. Tairen Capital Ltd now owns 1,768,335 shares of the e-commerce giant’s stock valued at $341,731,000 after buying an additional 1,629,959 shares in the last quarter. Xponance Inc. raised its stake in Amazon.com by 2.6% during the 2nd quarter. Xponance Inc. now owns 2,209,547 shares of the e-commerce giant’s stock worth $426,995,000 after buying an additional 55,851 shares during the period. Finally, Marietta Investment Partners LLC boosted its holdings in Amazon.com by 32.3% in the second quarter. Marietta Investment Partners LLC now owns 36,409 shares of the e-commerce giant’s stock worth $7,036,000 after acquiring an additional 8,885 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $222.88 on Friday. The company has a market cap of $2.36 trillion, a PE ratio of 40.30, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $228.10 and its two-hundred day simple moving average is $203.58. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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 net margin of 9.29% and a return on equity of 24.25%. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Monness Crespi & Hardt boosted their price objective on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group boosted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Sanford C. Bernstein upped their price objective 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. Morgan Stanley lifted their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Robert W. Baird boosted their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 5,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was 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. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,852 shares of company stock worth $9,324,151 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

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.