Morton Capital Management LLC CA Has $4.05 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Morton Capital Management LLC CA lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,474 shares of the e-commerce giant’s stock after selling 240 shares during the period. Amazon.com accounts for 0.8% of Morton Capital Management LLC CA’s portfolio, making the stock its 15th largest holding. Morton Capital Management LLC CA’s holdings in Amazon.com were worth $4,053,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC increased its holdings in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the last quarter. Hoese & Co LLP bought a new stake in Amazon.com during the third quarter worth approximately $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com during the third quarter worth approximately $45,000. Values First Advisors Inc. acquired a new position in Amazon.com during the third quarter valued at approximately $56,000. Finally, IFS Advisors LLC raised its position in shares of Amazon.com by 1,625.0% in the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after purchasing an additional 325 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Telsey Advisory Group upped their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Piper Sandler boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Truist Financial increased their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Loop Capital boosted their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Evercore ISI lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “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. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $249.46.

Amazon.com Trading Down 0.5 %

Shares of NASDAQ:AMZN opened at $237.07 on Thursday. The business has a 50 day moving average of $221.62 and a 200-day moving average of $198.03. The stock has a market cap of $2.49 trillion, a PE ratio of 50.76, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $241.77. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current 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.