Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Narwhal Capital Management

Narwhal Capital Management decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,358 shares of the e-commerce giant’s stock after selling 2,845 shares during the quarter. Amazon.com comprises approximately 4.0% of Narwhal Capital Management’s holdings, making the stock its 6th largest position. Narwhal Capital Management’s holdings in Amazon.com were worth $45,492,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMZN. Fiera Capital Corp lifted its holdings in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after buying an additional 44,615 shares during the period. EPIQ Capital Group LLC raised its position in shares of Amazon.com by 250.0% during the second quarter. EPIQ Capital Group LLC now owns 8,071 shares of the e-commerce giant’s stock worth $1,560,000 after purchasing an additional 5,765 shares during the period. Plancorp LLC raised its position in shares of Amazon.com by 2.9% during the second quarter. Plancorp LLC now owns 31,451 shares of the e-commerce giant’s stock worth $6,078,000 after purchasing an additional 897 shares during the period. Virtu Financial LLC raised its position in shares of Amazon.com by 66.6% during the second quarter. Virtu Financial LLC now owns 76,249 shares of the e-commerce giant’s stock worth $14,735,000 after purchasing an additional 30,492 shares during the period. Finally, Tower Wealth Partners Inc. raised its position in shares of Amazon.com by 20.9% during the second quarter. Tower Wealth Partners Inc. now owns 4,474 shares of the e-commerce giant’s stock worth $865,000 after purchasing an additional 773 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $228.68 on Friday. The business has a 50 day moving average price of $228.18 and a 200 day moving average price of $201.98. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 41.35, a PEG ratio of 1.36 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.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts predict that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMZN shares. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, February 7th. DA Davidson boosted their target price on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Roth Mkm boosted their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Evercore ISI upped their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,848 shares of company stock worth $11,368,639 in the last 90 days. 10.80% of the stock is owned by company insiders.

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.