Audent Global Asset Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,831 shares of the e-commerce giant’s stock after selling 8,927 shares during the quarter. Amazon.com comprises approximately 5.9% of Audent Global Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Audent Global Asset Management LLC’s holdings in Amazon.com were worth $3,430,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. USAdvisors Wealth Management LLC lifted its position in Amazon.com by 12.5% during the fourth quarter. USAdvisors Wealth Management LLC now owns 3,242 shares of the e-commerce giant’s stock worth $272,000 after buying an additional 359 shares during the period. McGlone Suttner Wealth Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth about $426,000. Dohj LLC increased 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 acquiring an additional 451 shares during the last quarter. Veritas Asset Management LLP increased its stake in Amazon.com by 19.6% during the fourth quarter. Veritas Asset Management LLP now owns 7,868,621 shares of the e-commerce giant’s stock worth $660,964,000 after acquiring an additional 1,286,797 shares during the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp increased 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 acquiring an additional 3,840 shares during the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Price Performance
Shares of AMZN opened at $126.66 on Wednesday. The firm has a market cap of $1.30 trillion, a price-to-earnings ratio of 301.57, a PEG ratio of 2.40 and a beta of 1.26. The stock has a 50 day moving average of $111.26 and a 200-day moving average of $100.38. 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 52 week low of $81.43 and a 52 week high of $146.57.
Insider Activity at Amazon.com
In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $126.27, for a total value of $63,135.00. Following the transaction, the chief executive officer now owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The disclosure for this sale can be found here. Insiders sold 75,644 shares of company stock worth $8,576,262 in the last 90 days. 12.70% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts have commented on AMZN shares. Robert W. Baird upped their price target on Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Amazon.com in a research note on Wednesday, April 12th. Wedbush upped their price target on Amazon.com from $125.00 to $129.00 in a research note on Friday, April 28th. Sanford C. Bernstein upped their price target on Amazon.com from $125.00 to $140.00 in a research note on Wednesday, May 31st. Finally, Oppenheimer dropped their price target on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $145.28.
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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