Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Flaharty Asset Management LLC

Flaharty Asset Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,711 shares of the e-commerce giant’s stock after selling 486 shares during the quarter. Flaharty Asset Management LLC’s holdings in Amazon.com were worth $595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC grew its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Jacobi Capital Management LLC now owns 30,975 shares of the e-commerce giant’s stock worth $6,796,000 after buying an additional 656 shares in the last quarter. Anfield Capital Management LLC boosted its position in Amazon.com by 2.5% during the fourth quarter. Anfield Capital Management LLC now owns 2,646 shares of the e-commerce giant’s stock worth $581,000 after acquiring an additional 64 shares during the last quarter. Metis Global Partners LLC grew its stake in Amazon.com by 2.4% during the 4th quarter. Metis Global Partners LLC now owns 537,409 shares of the e-commerce giant’s stock valued at $117,902,000 after acquiring an additional 12,389 shares in the last quarter. West Michigan Advisors LLC raised its holdings in Amazon.com by 0.9% in the 4th quarter. West Michigan Advisors LLC now owns 18,319 shares of the e-commerce giant’s stock valued at $4,019,000 after acquiring an additional 172 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new position in Amazon.com in the 4th quarter worth approximately $1,160,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their position. 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 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.0 %

Shares of Amazon.com stock opened at $192.17 on Wednesday. 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 company has a fifty day simple moving average of $215.38 and a 200-day simple moving average of $209.31. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 34.75, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

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

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Rosenblatt Securities increased their price target on Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Maxim Group raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Mizuho boosted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $260.53.

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.