Analyst IMS Investment Management Services Ltd. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 58,660 shares of the e-commerce giant’s stock after selling 2,050 shares during the quarter. Amazon.com makes up about 0.4% of Analyst IMS Investment Management Services Ltd.’s investment portfolio, making the stock its 22nd largest holding. Analyst IMS Investment Management Services Ltd.’s holdings in Amazon.com were worth $4,938,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Kavar Capital Partners Group LLC grew its holdings in Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd increased its stake in Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. increased its stake in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp increased its stake in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC increased its stake in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors.
Insider Transactions at Amazon.com
In related news, CEO Adam Selipsky sold 2,299 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total transaction of $230,681.66. Following the completion of the transaction, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at $13,879,028.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $102.25, for a total value of $409,000.00. Following the completion of the sale, the chief executive officer now directly owns 556,298 shares of the company’s stock, valued at $56,881,470.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 2,299 shares of the firm’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the sale, the chief executive officer now directly owns 138,320 shares of the company’s stock, valued at $13,879,028.80. The disclosure for this sale can be found here. Insiders sold 26,599 shares of company stock valued at $2,781,085 over the last three months. Company insiders own 12.30% of the company’s stock.
Amazon.com Trading Down 1.1 %
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company had revenue of $127.36 billion during the quarter, compared to the consensus estimate of $124.57 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts forecast that Amazon.com, Inc. will post 1.57 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on AMZN. Wells Fargo & Company dropped their price target on Amazon.com from $155.00 to $145.00 in a research note on Friday, February 3rd. Barclays decreased their price objective on Amazon.com from $150.00 to $140.00 in a research report on Friday, April 28th. Wedbush raised their price objective on Amazon.com from $125.00 to $129.00 in a research report on Friday, April 28th. Cowen raised their price objective on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Finally, DA Davidson raised their price objective on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $143.12.
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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