Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 262,586 shares of the e-commerce giant’s stock after selling 39,191 shares during the quarter. Amazon.com accounts for about 2.7% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 14th biggest position. Dixon Mitchell Investment Counsel Inc.’s holdings in Amazon.com were worth $57,609,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was 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 directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. 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 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. Loop Capital lifted their price target on Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Moffett Nathanson upped their price target on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Robert W. Baird increased their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, HSBC lifted their price target on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.46.

Amazon.com Stock Performance

AMZN opened at $238.15 on Wednesday. The company has a fifty day moving average of $220.95 and a 200 day moving average of $197.72. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $241.77. The stock has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 51.00, a PEG 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 posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

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.