Telemus Capital LLC Has $18.93 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Telemus Capital LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,580 shares of the e-commerce giant’s stock after selling 5,395 shares during the period. Amazon.com makes up approximately 1.6% of Telemus Capital LLC’s investment portfolio, making the stock its 16th largest position. Telemus Capital LLC’s holdings in Amazon.com were worth $18,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Members Trust Co boosted its holdings in Amazon.com by 8.9% in the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares during the period. Cherrydale Wealth Management LLC raised its position in shares of Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after buying an additional 675 shares in the last quarter. Tompkins Financial Corp boosted its stake in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after buying an additional 2,273 shares during the period. Nicholas Company Inc. grew its position in Amazon.com by 3.9% during the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after buying an additional 277,631 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 1.1 %

NASDAQ:AMZN opened at $187.48 on Monday. Amazon.com, Inc. has a 52 week low of $109.25 and a 52 week high of $191.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm’s fifty day moving average is $180.34 and its 200-day moving average is $162.66. The firm has a market cap of $1.95 trillion, a P/E ratio of 52.52, a P/E/G ratio of 1.36 and a beta of 1.15.

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

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $169.97, for a total value of $1,019,624,364.53. Following the completion of the sale, the insider now directly owns 952,258,723 shares in the company, valued at $161,855,415,148.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $169.97, for a total value of $1,019,624,364.53. Following the completion of the sale, the insider now directly owns 952,258,723 shares of the company’s stock, valued at $161,855,415,148.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $168.65, for a total transaction of $8,432,500.00. Following the transaction, the chief executive officer now owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. Insiders have sold a total of 14,174,830 shares of company stock worth $2,398,652,270 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMZN shares. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Wolfe Research boosted their price target on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Citigroup increased their price objective on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Wedbush restated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Monness Crespi & Hardt upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently 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.