Tiller Private Wealth Inc. Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Tiller Private Wealth Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,569 shares of the e-commerce giant’s stock after selling 525 shares during the quarter. Amazon.com accounts for about 0.8% of Tiller Private Wealth Inc.’s investment portfolio, making the stock its 16th largest holding. Tiller Private Wealth Inc.’s holdings in Amazon.com were worth $1,606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ACT Advisors LLC. acquired a new position in shares of Amazon.com during the third quarter worth $260,000. Zullo Investment Group Inc. lifted its holdings in Amazon.com by 2.6% in the 3rd quarter. Zullo Investment Group Inc. now owns 44,765 shares of the e-commerce giant’s stock worth $5,691,000 after buying an additional 1,148 shares in the last quarter. Cardinal Point Capital Management ULC purchased a new position in Amazon.com in the 3rd quarter valued at about $208,000. MCF Advisors LLC grew its stake in shares of Amazon.com by 1.8% during the third quarter. MCF Advisors LLC now owns 23,522 shares of the e-commerce giant’s stock valued at $2,990,000 after acquiring an additional 411 shares in the last quarter. Finally, Solidarity Wealth LLC lifted its stake in shares of Amazon.com by 26.5% in the third quarter. Solidarity Wealth LLC now owns 126,848 shares of the e-commerce giant’s stock worth $16,125,000 after acquiring an additional 26,556 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.4 %

Shares of NASDAQ AMZN opened at $188.00 on Thursday. The business has a fifty day simple moving average of $179.60 and a 200-day simple moving average of $161.63. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.66, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $105.16 and a 12 month high of $189.94. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

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

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 12,133 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $171.00, for a total value of $2,074,743.00. Following the completion of the sale, the director now owns 115,220 shares of the company’s stock, valued at $19,702,620. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Jonathan Rubinstein sold 12,133 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $171.00, for a total value of $2,074,743.00. Following the completion of the sale, the director now directly owns 115,220 shares of the company’s stock, valued at $19,702,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $173.33, for a total transaction of $1,039,780,497.17. Following the completion of the transaction, the insider now owns 970,255,270 shares in the company, valued at approximately $168,174,345,949.10. The disclosure for this sale can be found here. Insiders have sold a total of 26,198,961 shares of company stock valued at $4,482,430,577 in the last three months. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on AMZN. Citigroup lifted their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Truist Financial lifted their price target on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. DA Davidson reissued a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Barclays boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Moffett Nathanson reiterated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $211.62.

Amazon.com 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.