Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Systematic Alpha Investments LLC

Systematic Alpha Investments LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 225,500 shares of the e-commerce giant’s stock after selling 2,000 shares during the period. Amazon.com accounts for 1.0% of Systematic Alpha Investments LLC’s investment portfolio, making the stock its 28th largest position. Systematic Alpha Investments LLC’s holdings in Amazon.com were worth $18,942,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Kavar Capital Partners Group LLC raised its position in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp lifted its holdings in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after buying an additional 550 shares during the period. Finally, Leelyn Smith LLC lifted its holdings in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the period. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AMZN shares. JPMorgan Chase & Co. boosted their price target on Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Wells Fargo & Company cut their price target on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Wolfe Research upped their price objective on Amazon.com from $130.00 to $140.00 in a research note on Friday, April 28th. Deutsche Bank Aktiengesellschaft cut their price objective on Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. Finally, Morgan Stanley upped their target price on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.12.

Amazon.com Price Performance

AMZN opened at $111.20 on Tuesday. The company has a fifty day moving average price of $101.77 and a two-hundred day moving average price of $96.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $146.57. The firm has a market capitalization of $1.14 trillion, a PE ratio of 264.76, a P/E/G ratio of 3.73 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 1.54 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the sale, the chief executive officer now directly owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the transaction, the chief executive officer now directly owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,133 shares of company stock valued at $7,233,467. 12.30% of the stock is owned by corporate insiders.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.