Summitry LLC Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Summitry LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 493,597 shares of the e-commerce giant’s stock after selling 3,539 shares during the quarter. Amazon.com makes up 5.3% of Summitry LLC’s investment portfolio, making the stock its 2nd largest holding. Summitry LLC’s holdings in Amazon.com were worth $108,290,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $1,699,000. BG Investment Services Inc. bought a new stake in Amazon.com during the 4th quarter valued at approximately $467,000. Momentous Wealth Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at approximately $749,000. Florida Financial Advisors LLC increased its position in Amazon.com by 14.2% in the 4th quarter. Florida Financial Advisors LLC now owns 10,208 shares of the e-commerce giant’s stock worth $2,180,000 after buying an additional 1,273 shares during the period. Finally, Aire Advisors LLC lifted its holdings in shares of Amazon.com by 9.5% during the fourth quarter. Aire Advisors LLC now owns 29,871 shares of the e-commerce giant’s stock worth $6,553,000 after buying an additional 2,581 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,798 shares of company stock worth $23,341,803. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $188.99 on Friday. The company’s 50-day moving average is $193.52 and its two-hundred day moving average is $207.75. 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, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a market cap of $2.00 trillion, a PE ratio of 34.18, a PEG ratio of 1.50 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Wolfe Research boosted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Wedbush reiterated an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Westpark Capital began coverage on Amazon.com in a research note on Tuesday, April 1st. They set a “buy” rating and a $280.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $247.56.

Amazon.com Company 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.