Welch & Forbes LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 422,633 shares of the e-commerce giant’s stock after selling 21,390 shares during the period. Welch & Forbes LLC’s holdings in Amazon.com were worth $35,501,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Bridgefront Capital LLC acquired a new position in Amazon.com in the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC lifted its position in shares of Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $258,000. My Personal CFO LLC purchased a new position in Amazon.com in the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC purchased a new position in shares of Amazon.com during the 1st quarter worth $191,000. 57.64% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Amazon.com
In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at $54,478,861.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,613 shares of company stock worth $7,590,810. 12.30% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Amazon.com Trading Up 0.0 %
AMZN opened at $103.65 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. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57. The firm has a market capitalization of $1.06 trillion, a PE ratio of 246.79, a P/E/G ratio of 4.44 and a beta of 1.26. The company’s 50-day moving average is $99.46 and its 200 day moving average is $97.17.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 6.02%. The company had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. During the same period last year, the firm earned $0.21 EPS. Amazon.com’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 1.37 earnings per share for the current fiscal year.
Amazon.com Company 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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