Abbrea Capital LLC Has $8.53 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Abbrea Capital LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,595 shares of the e-commerce giant’s stock after selling 1,537 shares during the period. Amazon.com accounts for about 1.5% of Abbrea Capital LLC’s portfolio, making the stock its 13th largest holding. Abbrea Capital LLC’s holdings in Amazon.com were worth $8,534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $27,000. Retirement Financial Solutions LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $32,000. Laurel Wealth Planning LLC increased its stake in shares of 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 purchasing an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $38,000. Finally, Cowa LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth about $40,000. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 2,299 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the transaction, the chief executive officer now owns 138,320 shares of the company’s stock, valued at $13,879,028.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,144 shares of company stock worth $8,405,887. 12.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

AMZN stock opened at $114.99 on Wednesday. The company has a 50 day simple moving average of $104.48 and a 200 day simple moving average of $97.42. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.79, a P/E/G ratio of 4.04 and a beta of 1.26. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. Research analysts anticipate that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMZN shares. Morgan Stanley boosted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. JMP Securities restated a “market outperform” rating and set a $140.00 price objective on shares of Amazon.com in a research note on Wednesday, April 19th. Cowen upped their price target on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. UBS Group upped their price target on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a research note on Wednesday, April 12th. Three equities research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $143.12.

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.