Signet Financial Management LLC Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on Mar 9th, 2023

Signet Financial Management LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,068 shares of the e-commerce giant’s stock after selling 511 shares during the period. Amazon.com makes up 0.8% of Signet Financial Management LLC’s portfolio, making the stock its 27th biggest position. Signet Financial Management LLC’s holdings in Amazon.com were worth $3,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AMZN. Kavar Capital Partners Group LLC boosted its holdings in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of 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 valued at $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. boosted its holdings in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares during the period. Markel Corp lifted its holdings in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC raised its position in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after buying an additional 540 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the transaction, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock worth $6,994,626 in the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Robert W. Baird increased their price objective on Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Wedbush cut their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Rosenblatt Securities raised their price objective on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. Wells Fargo & Company reduced their target price on Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Finally, Cowen raised their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Two equities research 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 data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Trading Up 0.4 %

Shares of NASDAQ AMZN opened at $93.92 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The firm has a 50-day moving average of $95.55 and a 200 day moving average of $103.36. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The stock has a market cap of $962.42 billion, a P/E ratio of -350.43, a price-to-earnings-growth ratio of 3.87 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter last year, the company earned $1.39 EPS. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

About Amazon.com

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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.