Amazon.com, Inc. (NASDAQ:AMZN) is Silvant Capital Management LLC’s 4th Largest Position

Silvant Capital Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 709,542 shares of the e-commerce giant’s stock after selling 17,678 shares during the quarter. Amazon.com comprises approximately 5.8% of Silvant Capital Management LLC’s holdings, making the stock its 4th largest holding. Silvant Capital Management LLC’s holdings in Amazon.com were worth $107,808,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in AMZN. Sound Income Strategies LLC boosted its stake in shares of Amazon.com by 11.1% during the third quarter. Sound Income Strategies LLC now owns 34,542 shares of the e-commerce giant’s stock valued at $4,391,000 after purchasing an additional 3,450 shares during the period. Mayflower Financial Advisors LLC raised its holdings in shares of Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Amazon.com by 4.5% during the third quarter. Wealthcare Advisory Partners LLC now owns 59,576 shares of the e-commerce giant’s stock valued at $7,573,000 after acquiring an additional 2,575 shares in the last quarter. McGuire Investment Group LLC raised its holdings in shares of Amazon.com by 3.3% during the third quarter. McGuire Investment Group LLC now owns 27,605 shares of the e-commerce giant’s stock valued at $3,509,000 after acquiring an additional 885 shares in the last quarter. Finally, Wealthcare Capital Management LLC raised its holdings in shares of Amazon.com by 13.9% during the third quarter. Wealthcare Capital Management LLC now owns 3,632 shares of the e-commerce giant’s stock valued at $462,000 after acquiring an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. Royal Bank of Canada upped their target price on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Canaccord Genuity Group upped their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Raymond James upped their target price on Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Bank of America increased their price objective on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Piper Sandler increased their price objective on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $203.13.

Amazon.com Stock Up 1.3 %

Shares of AMZN opened at $179.54 on Wednesday. The business’s 50 day moving average is $177.60 and its 200 day moving average is $157.99. The company has a market capitalization of $1.87 trillion, a PE ratio of 61.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. Research analysts expect that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the sale, the chief executive officer now directly owns 2,014,055 shares of the company’s stock, valued at approximately $339,670,375.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

About Amazon.com

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.