Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Cercano Management LLC

Cercano Management LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 31.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 311,381 shares of the e-commerce giant’s stock after selling 144,535 shares during the quarter. Amazon.com makes up 1.4% of Cercano Management LLC’s investment portfolio, making the stock its 17th largest position. Cercano Management LLC’s holdings in Amazon.com were worth $39,583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Fiduciary Planning LLC increased its stake in shares of Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC increased its stake in shares of Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its stake in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its stake in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $174.45 on Friday. Amazon.com, Inc. has a one year low of $88.12 and a one year high of $175.00. The company has a 50-day moving average of $154.41 and a two-hundred day moving average of $142.20. The stock has a market cap of $1.81 trillion, a price-to-earnings ratio of 60.16, a PEG ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 4.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on AMZN shares. Susquehanna boosted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. UBS Group boosted their target price on shares of Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Oppenheimer boosted their target price on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $197.95.

Get Our Latest Research Report on AMZN

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 21,933 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total value of $3,128,961.78. Following the completion of the transaction, the chief executive officer now directly owns 2,064,055 shares in the company, valued at $294,458,086.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Adam Selipsky sold 10,756 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total value of $1,555,317.60. Following the completion of the sale, the chief executive officer now directly owns 117,904 shares of the company’s stock, valued at $17,048,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $142.66, for a total transaction of $3,128,961.78. Following the completion of the sale, the chief executive officer now directly owns 2,064,055 shares of the company’s stock, valued at $294,458,086.30. The disclosure for this sale can be found here. Insiders sold a total of 6,080,878 shares of company stock worth $1,033,083,657 over the last ninety days. 12.30% of the stock is currently owned by company insiders.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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