Seven Post Investment Office LP Sells 220 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Seven Post Investment Office LP lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,200 shares of the e-commerce giant’s stock after selling 220 shares during the period. Seven Post Investment Office LP’s holdings in Amazon.com were worth $263,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiera Capital Corp raised its holdings in shares of Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the period. Triasima Portfolio Management inc. lifted its holdings in Amazon.com by 28.6% during the second quarter. Triasima Portfolio Management inc. now owns 20,290 shares of the e-commerce giant’s stock valued at $3,921,000 after purchasing an additional 4,514 shares during the last quarter. Wilkinson Global Asset Management LLC boosted its position in Amazon.com by 1.4% during the second quarter. Wilkinson Global Asset Management LLC now owns 262,983 shares of the e-commerce giant’s stock worth $50,821,000 after purchasing an additional 3,660 shares during the period. Ausdal Financial Partners Inc. increased its stake in shares of Amazon.com by 1.9% in the second quarter. Ausdal Financial Partners Inc. now owns 30,616 shares of the e-commerce giant’s stock worth $5,917,000 after purchasing an additional 579 shares in the last quarter. Finally, Waddell & Associates LLC lifted its position in shares of Amazon.com by 16.3% during the second quarter. Waddell & Associates LLC now owns 4,587 shares of the e-commerce giant’s stock worth $886,000 after acquiring an additional 644 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $236.17 on Thursday. The stock has a market cap of $2.48 trillion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $225.24 and a 200-day simple moving average of $199.78. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Insider Activity at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,022,574 shares of company stock valued at $1,251,456,628. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMZN shares. Redburn Atlantic lifted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Benchmark lifted their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday. Wolfe Research raised their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Piper Sandler lifted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Roth Mkm upped their price objective on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $252.56.

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.