Amazon.com, Inc. (NASDAQ:AMZN) Stake Cut by Capital Management Associates Inc

Capital Management Associates Inc cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,691 shares of the e-commerce giant’s stock after selling 450 shares during the quarter. Amazon.com accounts for about 0.6% of Capital Management Associates Inc’s investment portfolio, making the stock its 27th largest holding. Capital Management Associates Inc’s holdings in Amazon.com were worth $1,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quattro Financial Advisors LLC raised its stake in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. MBM Wealth Consultants LLC increased its holdings in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after purchasing an additional 48 shares during the period. Semus Wealth Partners LLC raised its position in shares of Amazon.com by 0.3% during the third 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 during the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Amazon.com by 1.5% in the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after buying an additional 51 shares during the period. Finally, Eaton Cambridge Inc. grew its position in Amazon.com by 1.1% during the fourth quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant’s stock worth $994,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,649 shares of company stock valued at $23,871,905 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $203.80 on Wednesday. The company has a market cap of $2.16 trillion, a PE ratio of 36.85, a PEG ratio of 1.50 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company’s 50-day moving average is $225.54 and its two-hundred day moving average is $206.49.

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 the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMZN shares. DA Davidson upped their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Royal Bank of Canada raised their target price on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Mizuho lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.65.

About Amazon.com

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.