Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lessened by Hixon Zuercher LLC

Hixon Zuercher LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,232 shares of the e-commerce giant’s stock after selling 821 shares during the period. Amazon.com comprises 2.8% of Hixon Zuercher LLC’s portfolio, making the stock its 6th largest position. Hixon Zuercher LLC’s holdings in Amazon.com were worth $7,291,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Marest Capital LLC lifted its position in shares of Amazon.com by 61.6% during the fourth quarter. Marest Capital LLC now owns 4,136 shares of the e-commerce giant’s stock worth $907,000 after purchasing an additional 1,577 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in shares of Amazon.com by 36.8% during the fourth quarter. Mediolanum International Funds Ltd now owns 1,018,962 shares of the e-commerce giant’s stock worth $224,942,000 after purchasing an additional 274,026 shares in the last quarter. Penney Financial LLC lifted its position in shares of Amazon.com by 6.2% during the fourth quarter. Penney Financial LLC now owns 2,759 shares of the e-commerce giant’s stock worth $605,000 after purchasing an additional 160 shares in the last quarter. Gilbert & Cook Inc. lifted its position in shares of Amazon.com by 4.6% during the fourth quarter. Gilbert & Cook Inc. now owns 29,217 shares of the e-commerce giant’s stock worth $6,410,000 after purchasing an additional 1,289 shares in the last quarter. Finally, EMC Capital Management lifted its position in shares of Amazon.com by 1.2% during the fourth quarter. EMC Capital Management now owns 86,735 shares of the e-commerce giant’s stock worth $19,029,000 after purchasing an additional 1,000 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’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 sale, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,852 shares of company stock valued at $9,324,151. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. DA Davidson boosted their target price on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. HSBC lifted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Royal Bank of Canada lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Finally, Benchmark lifted their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $260.74.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $216.58 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.57 and a beta of 1.15. The firm has a 50-day moving average of $227.88 and a two-hundred day moving average of $203.96.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.