Blume Capital Management Inc. Lowers Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Blume Capital Management Inc. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,820 shares of the e-commerce giant’s stock after selling 335 shares during the period. Amazon.com accounts for 2.4% of Blume Capital Management Inc.’s portfolio, making the stock its 12th largest holding. Blume Capital Management Inc.’s holdings in Amazon.com were worth $10,491,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the period. Quattro Financial Advisors LLC raised its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc bought a new stake in shares of Amazon.com in the 4th quarter valued at about $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com in the fourth quarter worth approximately $54,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $181.93 on Tuesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company’s 50-day moving average is $203.14 and its two-hundred day moving average is $208.50. The firm has a market cap of $1.93 trillion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on AMZN shares. Barclays increased their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Sanford C. Bernstein increased their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their target price on shares of Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Truist Financial decreased their price target on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.56.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

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.