WoodTrust Financial Corp Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

WoodTrust Financial Corp trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 109,842 shares of the e-commerce giant’s stock after selling 3,921 shares during the quarter. Amazon.com accounts for 2.8% of WoodTrust Financial Corp’s holdings, making the stock its 10th largest position. WoodTrust Financial Corp’s holdings in Amazon.com were worth $16,690,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bridgefront Capital LLC bought a new position in Amazon.com in the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC increased its position in Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after buying an additional 55 shares during the period. Range Financial Group LLC bought a new position in Amazon.com in the 1st quarter worth approximately $258,000. My Personal CFO LLC bought a new position in Amazon.com in the 1st quarter worth approximately $261,000. Finally, Worth Asset Management LLC bought a new position in Amazon.com in the 1st quarter worth approximately $191,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Amazon.com in a research report on Wednesday, April 10th. Telsey Advisory Group reissued an “outperform” rating and set a $200.00 price objective on shares of Amazon.com in a report on Wednesday, March 27th. Susquehanna lifted their price objective on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their price objective on Amazon.com from $200.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Benchmark lifted their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average price target of $202.80.

Amazon.com Trading Down 1.1 %

NASDAQ:AMZN opened at $179.22 on Friday. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77. The business’s 50-day moving average price is $177.28 and its two-hundred day moving average price is $156.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456. 12.30% of the stock is currently owned by company insiders.

Amazon.com Company 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.