Alley Investment Management Company LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,834 shares of the e-commerce giant’s stock after selling 1,196 shares during the quarter. Alley Investment Management Company LLC’s holdings in Amazon.com were worth $6,790,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blume Capital Management Inc. increased its holdings in Amazon.com by 211.5% in the fourth quarter. Blume Capital Management Inc. now owns 47,231 shares of the e-commerce giant’s stock valued at $3,967,000 after purchasing an additional 32,067 shares during the last quarter. Nwam LLC grew its stake in Amazon.com by 3.5% in the fourth quarter. Nwam LLC now owns 117,284 shares of the e-commerce giant’s stock valued at $9,852,000 after acquiring an additional 3,964 shares during the period. Theory Financial LLC acquired a new position in Amazon.com in the fourth quarter valued at about $473,000. Pavion Blue Capital LLC grew its stake in Amazon.com by 229.3% in the fourth quarter. Pavion Blue Capital LLC now owns 19,530 shares of the e-commerce giant’s stock valued at $1,641,000 after acquiring an additional 13,600 shares during the period. Finally, Nuance Investments LLC grew its stake in Amazon.com by 65.9% in the fourth quarter. Nuance Investments LLC now owns 32,481 shares of the e-commerce giant’s stock valued at $2,728,000 after acquiring an additional 12,906 shares during the period. Institutional investors own 57.64% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on AMZN shares. Tigress Financial reissued a “buy” rating and issued a $192.00 target price on shares of Amazon.com in a research note on Thursday, February 9th. Wells Fargo & Company decreased their target price on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Evercore ISI decreased their target price on Amazon.com from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Monday, April 3rd. Rosenblatt Securities upped their price objective on Amazon.com from $106.00 to $111.00 in a research report on Friday, April 28th. Finally, Truist Financial upped their price objective on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Three equities research 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 presently has an average rating of “Moderate Buy” and a consensus target price of $143.12.
Insiders Place Their Bets
Amazon.com Price Performance
Shares of NASDAQ AMZN opened at $116.25 on Monday. The firm has a market cap of $1.19 trillion, a P/E ratio of 276.79, a price-to-earnings-growth ratio of 4.11 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $146.57. The business’s 50 day moving average is $103.63 and its 200-day moving average is $97.07.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same quarter last year, the company earned $0.21 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 1.57 earnings per share for the current year.
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.
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.