Chronos Wealth Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,454 shares of the e-commerce giant’s stock after selling 256 shares during the period. Amazon.com comprises about 3.6% of Chronos Wealth Management LLC’s holdings, making the stock its 16th largest holding. Chronos Wealth Management LLC’s holdings in Amazon.com were worth $4,574,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Dohj LLC lifted its stake in shares of Amazon.com by 1.8% in the 3rd 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 last quarter. Bassett Hargrove Investment Counsel LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $2,120,000. Obermeyer Wood Investment Counsel Lllp lifted its stake in shares of Amazon.com by 1.2% in the 3rd quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock valued at $35,405,000 after acquiring an additional 3,840 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Amazon.com by 0.8% during the 3rd 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 purchasing an additional 32,781 shares during the last quarter. Finally, West Coast Financial LLC bought a new position in Amazon.com during the 3rd quarter valued at approximately $210,000. Institutional investors own 57.64% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have commented on the company. Piper Sandler upped their price target on Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. Oppenheimer upped their price target on Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Amazon.com in a research report on Friday, February 3rd. StockNews.com assumed coverage on Amazon.com in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Credit Suisse Group upped their price target on Amazon.com from $142.00 to $171.00 and gave the company an “outperform” rating in a research report on Monday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.72.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during 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%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 1.33 earnings per share for the current year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now directly 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 73,693 shares of company stock valued at $7,225,308 over the last ninety days. 12.70% of the stock is currently owned by company insiders.
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.
Read More
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