Amazon.com, Inc. (NASDAQ:AMZN) Position Cut by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 8,684 shares of the e-commerce giant’s stock after selling 836 shares during the quarter. Amazon.com makes up about 1.2% of Cottonwood Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Cottonwood Capital Advisors LLC’s holdings in Amazon.com were worth $1,652,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Cable Hill Partners LLC grew its stake in Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after purchasing an additional 44 shares in the last quarter. Northern Capital Management Inc. grew its stake in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management grew its stake in Amazon.com by 2.4% in the fourth 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 in the last quarter. Balanced Wealth Group LLC grew its stake in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after purchasing an additional 48 shares in the last quarter. Finally, ETF Store Inc. grew its stake in Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after purchasing an additional 48 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. Company insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Roth Capital set a $250.00 target price on Amazon.com and gave the company a “buy” rating in a research note on Tuesday, July 8th. Wells Fargo & Company upped their price target on Amazon.com from $201.00 to $238.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. DA Davidson decreased their price target on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Stifel Nicolaus decreased their price target on Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, Mizuho decreased their price target on 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 equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $250.35.

Amazon.com Stock Up 1.0%

AMZN stock opened at $226.13 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $213.50 and a two-hundred day moving average price of $208.67. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.