Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lowered by C2C Wealth Management LLC

C2C Wealth Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,239 shares of the e-commerce giant’s stock after selling 3,782 shares during the period. C2C Wealth Management LLC’s holdings in Amazon.com were worth $1,529,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Dohj LLC lifted its stake in Amazon.com by 1.8% in the 3rd quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after acquiring an additional 451 shares in the last quarter. Bassett Hargrove Investment Counsel LLC purchased a new stake in Amazon.com in the 3rd quarter worth about $2,120,000. Veritas Asset Management LLP lifted its stake in Amazon.com by 19.6% in the 4th quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after acquiring an additional 1,286,797 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its stake in Amazon.com by 1.2% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after acquiring an additional 3,840 shares in the last quarter. Finally, Sarasin & Partners LLP lifted its stake in Amazon.com by 0.7% in the 4th quarter. Sarasin & Partners LLP now owns 2,468,455 shares of the e-commerce giant’s stock worth $207,350,000 after acquiring an additional 17,993 shares in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN opened at $116.25 on Monday. The firm has a market capitalization of $1.19 trillion, a P/E ratio of 276.79, a price-to-earnings-growth ratio of 4.11 and a beta of 1.26. The stock’s 50 day moving average price is $103.63 and its two-hundred day moving average price is $97.07. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same quarter last year, the firm earned $0.21 EPS. Amazon.com’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. StockNews.com started coverage on Amazon.com in a research note on Thursday. They issued a “hold” rating for the company. Cowen raised their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a research note on Wednesday, April 19th. Finally, Robert W. Baird raised their price target on Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.12.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total transaction of $50,835.00. Following the sale, the chief executive officer now owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,019 shares of company stock valued at $6,053,511. 12.30% of the stock is owned by corporate insiders.

Amazon.com Profile

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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.