Constant Guidance Financial LLC Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Constant Guidance Financial LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,737 shares of the e-commerce giant’s stock after selling 1,656 shares during the period. Amazon.com makes up about 2.7% of Constant Guidance Financial LLC’s investment portfolio, making the stock its 8th biggest holding. Constant Guidance Financial LLC’s holdings in Amazon.com were worth $3,014,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. AMF Tjanstepension AB lifted its holdings in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Swedbank AB raised its position in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after purchasing an additional 183,610 shares during the period. First Pacific Financial lifted its holdings in shares of Amazon.com by 7.2% during the 3rd quarter. First Pacific Financial now owns 4,274 shares of the e-commerce giant’s stock valued at $796,000 after purchasing an additional 286 shares in the last quarter. Keystone Wealth Services LLC lifted its holdings in shares of Amazon.com by 27.0% during the 3rd quarter. Keystone Wealth Services LLC now owns 20,299 shares of the e-commerce giant’s stock valued at $3,782,000 after purchasing an additional 4,312 shares in the last quarter. Finally, Dover Advisors LLC grew its position in shares of Amazon.com by 6.9% in the 3rd quarter. Dover Advisors LLC now owns 24,761 shares of the e-commerce giant’s stock valued at $4,614,000 after purchasing an additional 1,606 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $193.89 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $2.05 trillion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 1.50 and a beta of 1.19. The stock’s fifty day moving average price is $222.18 and its two-hundred day moving average price is $207.10. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 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 24.25%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on AMZN shares. Mizuho lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Scotiabank boosted their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. HSBC lifted their price target on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Benchmark upped their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Raymond James lifted their target price on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Two equities research 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.