Salomon & Ludwin LLC Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Salomon & Ludwin LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,802 shares of the e-commerce giant’s stock after selling 369 shares during the quarter. Salomon & Ludwin LLC’s holdings in Amazon.com were worth $2,150,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AMZN. Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. MBM Wealth Consultants LLC boosted its position in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after acquiring an additional 48 shares during the last quarter. Semus Wealth Partners LLC boosted its position in shares of Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after acquiring an additional 49 shares during the last quarter. GGM Financials LLC boosted its position in shares of Amazon.com by 2.1% during the 4th quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock valued at $540,000 after acquiring an additional 50 shares during the last quarter. Finally, Bell Investment Advisors Inc boosted its position in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $197.95 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock’s 50-day moving average is $221.65 and its 200 day moving average is $207.26. The company has a market cap of $2.10 trillion, a P/E ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Royal Bank of Canada raised their price target on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Robert W. Baird raised their price target on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction dated 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 owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 over the last quarter. 10.80% of the stock is owned by corporate insiders.

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.