Satovsky Asset Management LLC Has $2.19 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Satovsky Asset Management LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,710 shares of the e-commerce giant’s stock after selling 561 shares during the period. Amazon.com comprises about 0.5% of Satovsky Asset Management LLC’s portfolio, making the stock its 16th biggest holding. Satovsky Asset Management LLC’s holdings in Amazon.com were worth $2,190,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Ieq Capital LLC boosted its holdings in Amazon.com by 3.0% in the fourth quarter. Ieq Capital LLC now owns 1,287,842 shares of the e-commerce giant’s stock valued at $282,540,000 after acquiring an additional 36,941 shares during the last quarter. Emerald Advisors LLC raised its holdings in shares of Amazon.com by 5.1% during the fourth quarter. Emerald Advisors LLC now owns 18,428 shares of the e-commerce giant’s stock valued at $4,043,000 after purchasing an additional 895 shares during the period. Private Wealth Partners LLC boosted its holdings in Amazon.com by 0.7% in the fourth quarter. Private Wealth Partners LLC now owns 304,879 shares of the e-commerce giant’s stock worth $66,887,000 after acquiring an additional 2,182 shares in the last quarter. TBH Global Asset Management LLC lifted its holdings in shares of Amazon.com by 0.8% in the 4th quarter. TBH Global Asset Management LLC now owns 40,337 shares of the e-commerce giant’s stock worth $8,850,000 after purchasing an additional 322 shares in the last quarter. Finally, CogentBlue Wealth Advisors LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $914,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the business’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 transaction, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % 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 worth $22,871,828 in the last ninety days. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMZN. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. UBS Group boosted their target price on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Moffett Nathanson upped their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Redburn Atlantic raised their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Trading Down 0.3 %

Shares of AMZN opened at $194.95 on Friday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.07 trillion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The firm’s fifty day moving average is $219.36 and its two-hundred day moving average is $207.85. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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%. Research analysts forecast 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.