Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 57.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,076 shares of the e-commerce giant’s stock after selling 43,508 shares during the period. Royal Fund Management LLC’s holdings in Amazon.com were worth $7,037,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Semus Wealth Partners LLC grew its holdings in Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after buying an additional 49 shares in the last quarter. Bell Investment Advisors Inc boosted its position in shares of Amazon.com by 1.5% during the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after acquiring an additional 51 shares during the last quarter. O Connor Financial Group LLC grew its stake in Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after acquiring an additional 55 shares in the last quarter. Cherrydale Wealth Management LLC increased its holdings in Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock valued at $1,396,000 after acquiring an additional 55 shares during the last quarter. Finally, Cedar Point Capital Partners LLC lifted its stake in Amazon.com by 4.4% in the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after purchasing an additional 56 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction 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 stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,026,212 shares of company stock worth $625,666,424. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.1 %

Shares of NASDAQ:AMZN opened at $238.83 on Friday. The firm has a market cap of $2.51 trillion, a P/E ratio of 51.14, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business has a fifty day simple moving average of $225.85 and a 200 day simple moving average of $200.03. 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 posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Analysts predict that Amazon.com, Inc. will post 5.3 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMZN. Royal Bank of Canada boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Pivotal Research initiated coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $252.56.

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.