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

Shayne & Jacobs LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 26.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the e-commerce giant’s stock after selling 1,000 shares during the quarter. Shayne & Jacobs LLC’s holdings in Amazon.com were worth $614,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. National Pension Service increased its stake in Amazon.com by 1.0% in the fourth quarter. National Pension Service now owns 17,083,851 shares of the e-commerce giant’s stock valued at $3,748,026,000 after purchasing an additional 163,325 shares during the last quarter. Kellett Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 31.1% in the 4th quarter. Kellett Wealth Advisors LLC now owns 7,464 shares of the e-commerce giant’s stock valued at $1,638,000 after buying an additional 1,770 shares in the last quarter. Fjell Capital LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $3,064,000. Sitrin Capital Management LLC raised its stake in Amazon.com by 1.5% during the 4th quarter. Sitrin Capital Management LLC now owns 36,540 shares of the e-commerce giant’s stock worth $8,017,000 after acquiring an additional 545 shares in the last quarter. Finally, DMKC Advisory Services LLC purchased a new stake in Amazon.com in the fourth quarter valued at $294,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the business’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 transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 over the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 4.3 %

Shares of AMZN opened at $192.72 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market capitalization of $2.04 trillion, a P/E ratio of 34.85, a P/E/G ratio of 1.50 and a beta of 1.19. The stock has a 50-day moving average price of $216.86 and a 200 day moving average price of $208.87.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Wells Fargo & Company dropped 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. HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Piper Sandler reissued an “overweight” rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Scotiabank lifted their target price on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

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.