Amazon.com, Inc. (NASDAQ:AMZN) Stake Cut by Slow Capital Inc.

Slow Capital Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 131,112 shares of the e-commerce giant’s stock after selling 708 shares during the quarter. Amazon.com comprises approximately 3.5% of Slow Capital Inc.’s portfolio, making the stock its 6th biggest position. Slow Capital Inc.’s holdings in Amazon.com were worth $19,921,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Spirit of America Management Corp NY increased its stake in Amazon.com by 37.1% during the 3rd quarter. Spirit of America Management Corp NY now owns 15,900 shares of the e-commerce giant’s stock valued at $2,021,000 after purchasing an additional 4,300 shares in the last quarter. Etesian Wealth Advisors Inc. increased its position in shares of Amazon.com by 0.6% in the 3rd quarter. Etesian Wealth Advisors Inc. now owns 17,303 shares of the e-commerce giant’s stock valued at $2,200,000 after acquiring an additional 100 shares during the period. Connective Portfolio Management LLC raised its stake in Amazon.com by 229.4% in the 3rd quarter. Connective Portfolio Management LLC now owns 7,180 shares of the e-commerce giant’s stock worth $913,000 after acquiring an additional 5,000 shares during the last quarter. SWAN Capital LLC acquired a new stake in Amazon.com during the 3rd quarter worth about $224,000. Finally, Blue Fin Capital Inc. grew its stake in Amazon.com by 0.6% during the 3rd quarter. Blue Fin Capital Inc. now owns 120,618 shares of the e-commerce giant’s stock valued at $15,333,000 after purchasing an additional 725 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.3 %

Shares of AMZN opened at $188.70 on Tuesday. The company’s 50-day moving average price is $179.29 and its 200 day moving average price is $161.18. Amazon.com, Inc. has a 12-month low of $104.70 and a 12-month high of $189.77. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.96 trillion, a P/E ratio of 52.86, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. During the same period in the prior year, the business posted $0.31 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AMZN shares. Loop Capital raised their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday. Moffett Nathanson restated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. Raymond James increased their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 1st. Wolfe Research boosted their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus target price of $211.62.

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.