Milestone Asset Management LLC Sells 223 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Milestone Asset Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,029 shares of the e-commerce giant’s stock after selling 223 shares during the quarter. Milestone Asset Management LLC’s holdings in Amazon.com were worth $884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Fiera Capital Corp boosted its stake 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 buying an additional 44,615 shares during the last quarter. Beck Bode LLC purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $651,000. Itau Unibanco Holding S.A. lifted its holdings in Amazon.com by 107.8% during the second quarter. Itau Unibanco Holding S.A. now owns 452,109 shares of the e-commerce giant’s stock worth $87,370,000 after acquiring an additional 234,577 shares during the period. Fernbridge Capital Management LP boosted its position in Amazon.com by 22.4% in the second quarter. Fernbridge Capital Management LP now owns 698,553 shares of the e-commerce giant’s stock worth $134,995,000 after purchasing an additional 127,751 shares during the last quarter. Finally, First City Capital Management Inc. grew its stake in Amazon.com by 1.3% in the 2nd quarter. First City Capital Management Inc. now owns 16,606 shares of the e-commerce giant’s stock valued at $3,209,000 after purchasing an additional 215 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.0 %

NASDAQ AMZN opened at $226.63 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $228.22 and its two-hundred day simple moving average is $203.44. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 40.98, a PEG ratio of 1.58 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions 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 transaction 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 document filed with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,852 shares of company stock worth $9,324,151. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group lifted their target price on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Truist Financial lifted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley increased their target price on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.74.

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.