Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Systematic Alpha Investments LLC

Systematic Alpha Investments LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,500 shares of the e-commerce giant’s stock after selling 2,000 shares during the period. Amazon.com comprises approximately 1.0% of Systematic Alpha Investments LLC’s investment portfolio, making the stock its 28th biggest holding. Systematic Alpha Investments LLC’s holdings in Amazon.com were worth $18,942,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $27,000. Retirement Financial Solutions LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $32,000. Laurel Wealth Planning LLC raised its stake in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares in the last quarter. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the 1st quarter worth $38,000. Finally, Cowa LLC purchased a new position in Amazon.com during the 3rd quarter worth $40,000. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ:AMZN opened at $111.20 on Tuesday. The firm has a market cap of $1.14 trillion, a PE ratio of 264.76, a price-to-earnings-growth ratio of 3.73 and a beta of 1.26. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $146.57. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $101.77 and its two-hundred day moving average price is $96.59.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same period in the prior year, the business posted $0.21 earnings per share. Amazon.com’s revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Cowen increased their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Oppenheimer dropped their price objective on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, April 6th. Bank of America raised their target price on Amazon.com from $135.00 to $139.00 in a research note on Friday, April 28th. Finally, Susquehanna raised their target price on shares of Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $104.34, for a total transaction of $54,256.80. Following the completion of the transaction, the chief executive officer now directly owns 135,760 shares in the company, valued at approximately $14,165,198.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $104.34, for a total transaction of $54,256.80. Following the transaction, the chief executive officer now owns 135,760 shares in the company, valued at approximately $14,165,198.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,133 shares of company stock worth $7,233,467. 12.30% of the stock is owned by insiders.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.