Sicart Associates LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 591 shares of the e-commerce giant’s stock after selling 40 shares during the quarter. Sicart Associates LLC’s holdings in Amazon.com were worth $888,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Spence Asset Management lifted its position in shares of Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 14 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Amazon.com by 112.5% during the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 18 shares during the last quarter. O Brien Wealth Partners LLC lifted its position in shares of Amazon.com by 104.8% during the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock worth $72,000 after purchasing an additional 22 shares during the last quarter. Cordasco Financial Network lifted its position in shares of Amazon.com by 17.4% during the fourth quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock worth $81,000 after purchasing an additional 8 shares during the last quarter. Finally, Spirit of America Management Corp NY bought a new stake in shares of Amazon.com during the third quarter worth $110,000. Institutional investors own 56.11% of the company’s stock.
In other Amazon.com news, SVP Jeffrey M. Blackburn sold 2,055 shares of Amazon.com stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total value of $3,321,578.70. Following the transaction, the senior vice president now owns 46,596 shares in the company, valued at $75,314,978.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $18,111,400. The disclosure for this sale can be found here. Insiders sold 7,075 shares of company stock worth $11,802,708 in the last quarter. 16.30% of the stock is owned by insiders.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.49. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. The company had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. During the same quarter in the previous year, the firm earned $2.16 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 26.64 EPS for the current fiscal year.
Several analysts have recently weighed in on AMZN shares. BMO Capital Markets lifted their target price on Amazon.com from $2,250.00 to $2,300.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 30th. Guggenheim reiterated a “buy” rating and set a $2,000.00 target price on shares of Amazon.com in a research report on Thursday, January 31st. Benchmark decreased their target price on Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating for the company in a research report on Wednesday, January 30th. Goldman Sachs Group decreased their target price on Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating for the company in a research report on Friday, January 4th. Finally, Bank of America reiterated a “buy” rating and set a $2,100.00 target price (up from $2,000.00) on shares of Amazon.com in a research report on Wednesday, January 9th. Four analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. Amazon.com currently has an average rating of “Buy” and a consensus target price of $2,139.02.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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