Steph & Co. Sells 452 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Steph & Co. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 60.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291 shares of the e-commerce giant’s stock after selling 452 shares during the quarter. Steph & Co.’s holdings in Amazon.com were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Heritage Family Offices LLP bought a new stake in Amazon.com during the second quarter valued at approximately $206,000. Crestwood Advisors Group LLC boosted its stake in shares of Amazon.com by 6.4% during the 2nd quarter. Crestwood Advisors Group LLC now owns 839,745 shares of the e-commerce giant’s stock worth $162,283,000 after acquiring an additional 50,629 shares during the last quarter. United Asset Strategies Inc. grew its position in shares of Amazon.com by 8.0% during the 2nd quarter. United Asset Strategies Inc. now owns 175,356 shares of the e-commerce giant’s stock valued at $33,888,000 after acquiring an additional 13,059 shares during the period. Consilium Wealth Advisory LLC raised its holdings in Amazon.com by 9.3% in the 2nd quarter. Consilium Wealth Advisory LLC now owns 24,164 shares of the e-commerce giant’s stock worth $4,670,000 after purchasing an additional 2,047 shares during the period. Finally, Flaharty Asset Management LLC lifted its position in Amazon.com by 2.2% during the second quarter. Flaharty Asset Management LLC now owns 4,032 shares of the e-commerce giant’s stock valued at $779,000 after purchasing an additional 85 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Maxim Group upped their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Loop Capital increased their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Rosenblatt Securities boosted their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $249.46.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’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 in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $238.15 on Wednesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $241.77. The business’s fifty day moving average is $220.95 and its two-hundred day moving average is $197.72. The stock has a market capitalization of $2.50 trillion, a P/E ratio of 51.00, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

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.