Amazon.com, Inc. (NASDAQ:AMZN) is Sterneck Capital Management LLC’s 9th Largest Position

Sterneck Capital Management LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 35.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,050 shares of the e-commerce giant’s stock after selling 15,122 shares during the period. Amazon.com accounts for 2.7% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding. Sterneck Capital Management LLC’s holdings in Amazon.com were worth $5,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Meritas Wealth Management LLC grew its stake in Amazon.com by 6.9% in the third quarter. Meritas Wealth Management LLC now owns 3,976 shares of the e-commerce giant’s stock valued at $741,000 after purchasing an additional 256 shares in the last quarter. Unique Wealth LLC grew its stake in shares of Amazon.com by 4.4% in the 3rd quarter. Unique Wealth LLC now owns 6,510 shares of the e-commerce giant’s stock valued at $1,214,000 after buying an additional 276 shares in the last quarter. Czech National Bank increased its holdings in Amazon.com by 9.0% in the third quarter. Czech National Bank now owns 1,902,873 shares of the e-commerce giant’s stock worth $354,562,000 after buying an additional 157,761 shares during the last quarter. AMF Tjanstepension AB raised its position in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Finally, Boltwood Capital Management lifted its stake in Amazon.com by 5.8% in the third quarter. Boltwood Capital Management now owns 14,702 shares of the e-commerce giant’s stock valued at $2,739,000 after acquiring an additional 801 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Maxim Group boosted their price target on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Wolfe Research initiated coverage on Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.76.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $186.40 on Friday. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The business’s fifty day moving average price is $184.40 and its two-hundred day moving average price is $183.65. Amazon.com, Inc. has a fifty-two week low of $131.71 and a fifty-two week high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. As a group, analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock worth $9,215,048 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.