Amazon.com, Inc. (NASDAQ:AMZN) Holdings Trimmed by Sterneck Capital Management LLC

Sterneck Capital Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,890 shares of the e-commerce giant’s stock after selling 1,160 shares during the quarter. Amazon.com accounts for 3.1% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Sterneck Capital Management LLC’s holdings in Amazon.com were worth $5,680,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Helios Capital Management PTE. Ltd. grew its holdings in Amazon.com by 15.1% during the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock valued at $7,827,000 after buying an additional 5,300 shares during the last quarter. FAS Wealth Partners Inc. increased its position in Amazon.com by 2.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 64,381 shares of the e-commerce giant’s stock worth $12,442,000 after purchasing an additional 1,592 shares in the last quarter. Blue Chip Partners LLC raised its stake in Amazon.com by 7.2% in the 2nd quarter. Blue Chip Partners LLC now owns 116,953 shares of the e-commerce giant’s stock valued at $22,601,000 after purchasing an additional 7,858 shares during the last quarter. Coerente Capital Management lifted its holdings in Amazon.com by 1.3% in the 2nd quarter. Coerente Capital Management now owns 128,617 shares of the e-commerce giant’s stock valued at $24,855,000 after purchasing an additional 1,643 shares in the last quarter. Finally, AM Investment Strategies LLC boosted its stake in shares of Amazon.com by 1.0% during the 2nd quarter. AM Investment Strategies LLC now owns 279,500 shares of the e-commerce giant’s stock worth $54,013,000 after purchasing an additional 2,749 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Amazon.com from $197.00 to $212.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Robert W. Baird raised 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. JPMorgan Chase & Co. upped their target price on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Loop Capital lifted their price target on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Scotiabank increased their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $245.65.

Amazon.com Stock Performance

AMZN stock opened at $225.94 on Tuesday. The firm has a market cap of $2.38 trillion, a P/E ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. The stock’s 50 day simple moving average is $217.91 and its 200 day simple moving average is $196.27. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $233.00.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.