Sterling Manor Financial LLC Sells 130 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sterling Manor Financial LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,480 shares of the e-commerce giant’s stock after selling 130 shares during the quarter. Amazon.com comprises 0.4% of Sterling Manor Financial LLC’s holdings, making the stock its 17th largest holding. Sterling Manor Financial LLC’s holdings in Amazon.com were worth $529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Family Legacy Inc. grew its holdings in Amazon.com by 0.8% during the third quarter. Family Legacy Inc. now owns 28,641 shares of the e-commerce giant’s stock worth $3,641,000 after buying an additional 221 shares in the last quarter. Brave Asset Management Inc. boosted its position in Amazon.com by 2.1% in the third quarter. Brave Asset Management Inc. now owns 48,856 shares of the e-commerce giant’s stock worth $6,211,000 after purchasing an additional 1,025 shares during the last quarter. Hofer & Associates. Inc boosted its position in Amazon.com by 0.9% in the third quarter. Hofer & Associates. Inc now owns 10,402 shares of the e-commerce giant’s stock worth $1,322,000 after purchasing an additional 96 shares during the last quarter. RAM Investment Partners LLC lifted its position in shares of Amazon.com by 0.9% during the 3rd quarter. RAM Investment Partners LLC now owns 18,427 shares of the e-commerce giant’s stock valued at $2,342,000 after buying an additional 173 shares during the last quarter. Finally, SignalPoint Asset Management LLC lifted its position in shares of Amazon.com by 11.3% during the 3rd quarter. SignalPoint Asset Management LLC now owns 33,866 shares of the e-commerce giant’s stock valued at $4,305,000 after buying an additional 3,429 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Truist Financial increased their price objective on Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Monness Crespi & Hardt increased their price objective on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Wolfe Research increased their price objective on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Canaccord Genuity Group raised their price objective on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, UBS Group lifted their target price on Amazon.com from $198.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $205.13.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $179.62 on Friday. 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, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a market cap of $1.87 trillion, a P/E ratio of 61.94, a PEG ratio of 1.50 and a beta of 1.16. The firm has a fifty day moving average price of $177.99 and a 200 day moving average price of $158.79.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

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.