Sprott Inc. Sells 100 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sprott Inc. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,350 shares of the e-commerce giant’s stock after selling 100 shares during the quarter. Sprott Inc.’s holdings in Amazon.com were worth $516,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parnassus Investments LLC raised its stake in Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after acquiring an additional 11,391,479 shares during the period. State Street Corp increased its holdings in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Strategic Financial Concepts LLC lifted its stake in shares of Amazon.com by 23,742.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock worth $1,119,463,000 after buying an additional 5,081,217 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Amazon.com during the 3rd quarter worth about $492,144,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, 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 in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.1 %

NASDAQ AMZN opened at $201.36 on Friday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 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 firm has a market capitalization of $2.13 trillion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The business’s 50-day moving average price is $217.53 and its two-hundred day moving average price is $208.75.

Amazon.com (NASDAQ:AMZN) last released its 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%. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMZN. TD Cowen increased their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company decreased their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Piper Sandler reissued an “overweight” rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Finally, HSBC lifted their price objective 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. 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $260.65.

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.