St. Johns Investment Management Company LLC Sells 328 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

St. Johns Investment Management Company LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,996 shares of the e-commerce giant’s stock after selling 328 shares during the quarter. Amazon.com accounts for about 2.3% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 10th largest holding. St. Johns Investment Management Company LLC’s holdings in Amazon.com were worth $5,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiera Capital Corp lifted its holdings in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Amazon.com by 6.2% in the 2nd quarter. William Blair Investment Management LLC now owns 6,743,444 shares of the e-commerce giant’s stock valued at $1,303,171,000 after purchasing an additional 391,337 shares during the last quarter. Vima LLC boosted its position in Amazon.com by 8.5% in the second quarter. Vima LLC now owns 9,677 shares of the e-commerce giant’s stock valued at $1,870,000 after buying an additional 758 shares in the last quarter. Wealthspire Advisors LLC grew its stake in shares of Amazon.com by 11.5% during the second quarter. Wealthspire Advisors LLC now owns 156,018 shares of the e-commerce giant’s stock worth $30,150,000 after buying an additional 16,061 shares during the last quarter. Finally, Krane Funds Advisors LLC increased its holdings in shares of Amazon.com by 10.6% during the second quarter. Krane Funds Advisors LLC now owns 5,406 shares of the e-commerce giant’s stock worth $1,045,000 after buying an additional 519 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMZN shares. The Goldman Sachs Group boosted their price objective on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Robert W. Baird boosted their price target on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Susquehanna raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.52.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,850 shares of company stock worth $6,168,581. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $232.76 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business has a 50-day simple moving average of $227.38 and a two-hundred day simple moving average of $201.24. The company has a market capitalization of $2.45 trillion, a P/E ratio of 42.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts expect that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

About Amazon.com

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.