Palisades Hudson Asset Management L.P. Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Palisades Hudson Asset Management L.P. decreased its position in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,743 shares of the e-commerce giant’s stock after selling 308 shares during the period. Amazon.com makes up about 0.9% of Palisades Hudson Asset Management L.P.’s portfolio, making the stock its 20th biggest holding. Palisades Hudson Asset Management L.P.’s holdings in Amazon.com were worth $1,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. grew its position in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new stake in Amazon.com during the 4th quarter worth about $43,000. Bruce G. Allen Investments LLC acquired a new stake in Amazon.com during the 4th quarter worth about $57,000. Authentikos Wealth Advisory LLC acquired a new stake in Amazon.com during the 3rd quarter worth about $49,000. Finally, Advantage Trust Co acquired a new stake in Amazon.com during the 4th quarter worth about $68,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AMZN shares. Rosenblatt Securities restated a “buy” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. JMP Securities restated a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Loop Capital raised their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Benchmark restated a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, Morgan Stanley raised their target price on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $213.82.

Read Our Latest Stock Report on AMZN

Amazon.com Stock Down 0.4 %

AMZN stock opened at $184.30 on Friday. The firm has a market cap of $1.92 trillion, a PE ratio of 51.62, a PEG ratio of 1.32 and a beta of 1.14. 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 50 day moving average price is $182.53 and its 200-day moving average price is $168.83. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating 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%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $23,868,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Insiders have sold a total of 65,838 shares of company stock valued at $11,984,344 over the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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