Shilanski & Associates Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 80.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,230 shares of the e-commerce giant’s stock after selling 16,987 shares during the quarter. Shilanski & Associates Inc.’s holdings in Amazon.com were worth $355,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Dohj LLC boosted its stake in Amazon.com by 1.8% during the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after buying an additional 451 shares during the last quarter. Bassett Hargrove Investment Counsel LLC acquired a new position in Amazon.com during the third quarter worth $2,120,000. Obermeyer Wood Investment Counsel Lllp boosted its stake in Amazon.com by 1.2% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock worth $35,405,000 after buying an additional 3,840 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Amazon.com by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock worth $472,980,000 after buying an additional 32,781 shares during the last quarter. Finally, West Coast Financial LLC acquired a new position in Amazon.com during the third quarter worth $210,000. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Stock Down 0.7 %
Amazon.com stock opened at $106.21 on Tuesday. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The stock has a 50 day moving average of $98.49 and a two-hundred day moving average of $97.44. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.09 trillion, a price-to-earnings ratio of -396.29, a PEG ratio of 3.95 and a beta of 1.26.
Analyst Ratings Changes
A number of equities analysts have weighed in on AMZN shares. Truist Financial boosted their price objective on Amazon.com from $142.00 to $144.00 in a research note on Wednesday, April 12th. JPMorgan Chase & Co. decreased their price target on Amazon.com from $142.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, March 16th. Rosenblatt Securities upped their price target on Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, February 3rd. The Goldman Sachs Group decreased their price target on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, January 13th. 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 note on Monday, January 30th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $144.44.
Insiders Place Their Bets
In other news, CEO Andrew R. Jassy sold 23,874 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Andrew R. Jassy sold 23,874 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,713 shares of company stock valued at $7,739,103. 12.70% of the stock is owned by company insiders.
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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