Annandale Capital LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,866 shares of the e-commerce giant’s stock after selling 2,000 shares during the quarter. Annandale Capital LLC’s holdings in Amazon.com were worth $2,471,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Dohj LLC grew its position in Amazon.com by 1.8% in the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock valued at $2,807,000 after acquiring an additional 451 shares during the period. Bassett Hargrove Investment Counsel LLC bought a new stake in Amazon.com in the third quarter valued at $2,120,000. Asset Management One Co. Ltd. grew its position in Amazon.com by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after acquiring an additional 32,781 shares during the period. West Coast Financial LLC bought a new stake in Amazon.com in the third quarter valued at $210,000. Finally, Gulf International Bank UK Ltd grew its position in Amazon.com by 1.0% in the third quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock valued at $172,544,000 after acquiring an additional 15,640 shares during the period. 57.64% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Truist Financial decreased their target price on Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Morgan Stanley increased their target price on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. DA Davidson increased their target price on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Roth Capital restated a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.87.
Amazon.com Price Performance
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 analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,394 shares of company stock worth $6,994,626. Insiders own 12.70% of the company’s stock.
About Amazon.com
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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