Whitener Capital Management Inc. Sells 1,611 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Whitener Capital Management Inc. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,032 shares of the e-commerce giant’s stock after selling 1,611 shares during the quarter. Amazon.com comprises approximately 4.2% of Whitener Capital Management Inc.’s portfolio, making the stock its 5th largest holding. Whitener Capital Management Inc.’s holdings in Amazon.com were worth $11,704,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bridgefront Capital LLC acquired a new position in Amazon.com in the first quarter valued at $228,000. Krane Funds Advisors LLC boosted its holdings in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $258,000. My Personal CFO LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $261,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Amazon.com in the first quarter valued at about $191,000. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMZN. Robert W. Baird lifted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Piper Sandler lifted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Truist Financial reaffirmed a “buy” rating and issued a $195.00 target price on shares of Amazon.com in a report on Friday. Stifel Nicolaus boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Wedbush boosted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $197.95.

Check Out Our Latest Stock Analysis on AMZN

Amazon.com Stock Performance

Shares of AMZN stock opened at $178.87 on Friday. The company’s fifty day simple moving average is $168.72 and its 200-day simple moving average is $150.29. The company has a market cap of $1.86 trillion, a PE ratio of 61.68, a P/E/G ratio of 1.55 and a beta of 1.17. Amazon.com, Inc. has a 52 week low of $96.29 and a 52 week high of $181.41. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 10,920 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $169.21, for a total transaction of $1,847,773.20. Following the transaction, the senior vice president now directly owns 59,100 shares of the company’s stock, valued at $10,000,311. The disclosure for this sale can be found here. In the last three months, insiders sold 32,210,010 shares of company stock valued at $5,505,133,106. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Company Profile

(Free Report)

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.

See Also

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

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