Rosenblum Silverman Sutton S F Inc. CA Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Rosenblum Silverman Sutton S F Inc. CA lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,308 shares of the e-commerce giant’s stock after selling 1,299 shares during the period. Amazon.com makes up approximately 5.4% of Rosenblum Silverman Sutton S F Inc. CA’s portfolio, making the stock its 2nd largest position. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Amazon.com were worth $21,568,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Cable Hill Partners LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after acquiring an additional 44 shares during the last quarter. Quattro Financial Advisors LLC lifted its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares in the last quarter. Northern Capital Management Inc. lifted its stake in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management boosted its holdings in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after purchasing an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC grew its position in shares of Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.1 %

Shares of Amazon.com stock opened at $189.98 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.50 and a beta of 1.39. The firm’s 50-day moving average is $190.48 and its two-hundred day moving average is $207.92.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. BNP Paribas raised Amazon.com to a “hold” rating in a research note on Wednesday. Barclays lowered their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a report on Friday. Truist Financial decreased their price target on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Mizuho dropped their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $243.55.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,798 shares of company stock valued at $23,341,803. Corporate insiders own 10.80% of the company’s stock.

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.