JCIC Asset Management Inc. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,740 shares of the e-commerce giant’s stock after selling 7,850 shares during the quarter. Amazon.com comprises 3.6% of JCIC Asset Management Inc.’s investment portfolio, making the stock its 8th biggest holding. JCIC Asset Management Inc.’s holdings in Amazon.com were worth $7,286,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Iron Horse Wealth Management LLC increased its position in shares of Amazon.com by 4,540.0% during the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 227 shares during the last quarter. Wells Financial Advisors INC increased its stake in shares of Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock worth $30,000 after acquiring an additional 266 shares during the last quarter. Knott David M Jr bought a new stake in Amazon.com in the second quarter worth $32,000. Laurel Wealth Planning LLC lifted its stake in shares of Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. Finally, Baron Financial Group LLC raised its position in Amazon.com by 1,900.0% in the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 342 shares in the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value 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 $52,555,952.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares in the company, valued at $52,555,952.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 7,456 shares of the company’s 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 sale, the chief executive officer now owns 564,298 shares in the company, valued at approximately $53,551,880.20. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock valued at $6,994,626 over the last three months. Corporate 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). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same period in the previous year, the company earned $1.39 earnings per share. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 1.33 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have issued reports on AMZN. Oppenheimer raised their price objective on shares of Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Credit Suisse Group upped their price objective on shares of Amazon.com from $142.00 to $171.00 and gave the company an “outperform” rating in a research note on Monday, January 30th. Wedbush lowered their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Morgan Stanley lifted their target price on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Finally, New Street Research started coverage on shares of Amazon.com in a research report on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.72.
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.
See Also
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
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