Cidel Asset Management Inc. Sells 3,492 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cidel Asset Management Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,222 shares of the e-commerce giant’s stock after selling 3,492 shares during the period. Cidel Asset Management Inc.’s holdings in Amazon.com were worth $4,656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. AMF Tjanstepension AB increased its stake in Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after acquiring an additional 811,425 shares during the last quarter. Marion Wealth Management boosted its holdings in shares of Amazon.com by 3.5% in the 3rd quarter. Marion Wealth Management now owns 5,085 shares of the e-commerce giant’s stock valued at $947,000 after purchasing an additional 174 shares in the last quarter. Bridge Creek Capital Management LLC boosted its holdings in shares of Amazon.com by 0.4% in the 3rd quarter. Bridge Creek Capital Management LLC now owns 35,379 shares of the e-commerce giant’s stock valued at $6,592,000 after purchasing an additional 145 shares in the last quarter. Clean Yield Group increased its stake in shares of Amazon.com by 11.2% in the 3rd quarter. Clean Yield Group now owns 2,173 shares of the e-commerce giant’s stock valued at $405,000 after purchasing an additional 218 shares during the last quarter. Finally, Legacy Private Trust Co. raised its holdings in shares of Amazon.com by 3.6% during the 3rd quarter. Legacy Private Trust Co. now owns 105,100 shares of the e-commerce giant’s stock worth $19,583,000 after buying an additional 3,614 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.6 %

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

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

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock valued at $23,871,905 in the last 90 days. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMZN shares. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Jefferies Financial Group raised their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Tigress Financial upped their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Roth Mkm boosted their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two research 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’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $260.65.

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.