Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,110 shares of the e-commerce giant’s stock after selling 13,620 shares during the quarter. Amazon.com makes up approximately 6.3% of Mcdonald Capital Investors Inc. CA’s holdings, making the stock its 6th largest holding. Mcdonald Capital Investors Inc. CA’s holdings in Amazon.com were worth $91,029,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Dakota Wealth Management raised its stake in shares of Amazon.com by 2.2% in the fourth quarter. Dakota Wealth Management now owns 331,911 shares of the e-commerce giant’s stock worth $50,430,000 after acquiring an additional 7,021 shares during the last quarter. London & Capital Asset Management Ltd lifted its stake in shares of Amazon.com by 3.0% in the 4th quarter. London & Capital Asset Management Ltd now owns 70,018 shares of the e-commerce giant’s stock valued at $10,639,000 after purchasing an additional 2,061 shares during the period. Cullen Investment Group LTD. acquired a new position in shares of Amazon.com during the 4th quarter worth about $9,744,000. Grove Bank & Trust raised its position in shares of Amazon.com by 4.5% in the 4th quarter. Grove Bank & Trust now owns 75,972 shares of the e-commerce giant’s stock valued at $11,543,000 after acquiring an additional 3,250 shares during the period. Finally, Bear Mountain Capital Inc. bought a new position in Amazon.com during the 4th quarter worth approximately $1,909,000. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the sale, the insider now directly owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock worth $5,506,442,301 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $186.21 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $178.79 and a 200 day simple moving average of $159.95. Amazon.com, Inc. has a 1-year low of $103.31 and a 1-year high of $189.77. The stock has a market cap of $1.93 trillion, a P/E ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 4.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Maxim Group cut their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday. Wolfe Research raised their price objective on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Truist Financial boosted their target price on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James raised their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday. Finally, Sanford C. Bernstein boosted their price objective on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $211.07.

Amazon.com Company Profile

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.