Fountainhead AM LLC Sells 221 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by Defense World Staff on May 30th, 2023

Fountainhead AM LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,484 shares of the e-commerce giant’s stock after selling 221 shares during the quarter. Fountainhead AM LLC’s holdings in Amazon.com were worth $797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bridgefront Capital LLC bought a new stake in Amazon.com during the 1st quarter valued at $228,000. Krane Funds Advisors LLC lifted its holdings 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 purchasing an additional 55 shares during the last quarter. Range Financial Group LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at $258,000. My Personal CFO LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at $191,000. Institutional investors own 57.64% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $101.67, for a total value of $50,835.00. Following the transaction, the chief executive officer now directly owns 137,300 shares in the company, valued at $13,959,291. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on 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 owns 560,298 shares in the company, valued at $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold a total of 75,144 shares of company stock worth $8,405,887 in the last ninety days. Insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AMZN. Barclays decreased their price objective on Amazon.com from $150.00 to $140.00 in a report on Friday, April 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on Amazon.com from $130.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. Bank of America increased their price objective on Amazon.com from $135.00 to $139.00 in a report on Friday, April 28th. JPMorgan Chase & Co. raised their target price on Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Finally, JMP Securities restated a “market outperform” rating and issued a $140.00 target price on shares of Amazon.com in a research note on Wednesday, April 19th. Three investment analysts have rated the stock with a hold rating and forty have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.17.

Amazon.com Trading Up 4.4 %

AMZN stock opened at $120.11 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The stock has a market cap of $1.23 trillion, a price-to-earnings ratio of 285.98, a PEG ratio of 4.18 and a beta of 1.26. The business’s 50-day moving average is $106.06 and its 200 day moving average is $98.18.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

Amazon.com Profile

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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.