Summit Trail Advisors LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 154,373 shares of the e-commerce giant’s stock after selling 683 shares during the period. Amazon.com accounts for about 0.9% of Summit Trail Advisors LLC’s portfolio, making the stock its 18th largest holding. Summit Trail Advisors LLC’s holdings in Amazon.com were worth $17,444,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. Kavar Capital Partners Group LLC raised its stake in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd raised its stake in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. raised its stake in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp raised its stake in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC raised its stake in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the transaction, the chief executive officer now owns 564,298 shares in the company, valued at approximately $53,551,880.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.90, for a total transaction of $707,574.40. Following the completion of the transaction, the chief executive officer now owns 564,298 shares in the company, valued at approximately $53,551,880.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 6,704 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $636,276.64. Following the transaction, the senior vice president now owns 87,036 shares of the company’s stock, valued at approximately $8,260,586.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,394 shares of company stock worth $6,619,426. Insiders own 12.70% of the company’s stock.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. MKM Partners dropped their price objective on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 18th. Evercore ISI boosted their target price on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Amazon.com in a research report on Friday, February 3rd. The Goldman Sachs Group dropped their target price on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Finally, Oppenheimer boosted their target price on shares of Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.87.
Amazon.com Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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