JCIC Asset Management Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 6.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,018 shares of the e-commerce giant’s stock after selling 5,890 shares during the quarter. Amazon.com comprises approximately 4.9% of JCIC Asset Management Inc.’s portfolio, making the stock its 4th biggest position. JCIC Asset Management Inc.’s holdings in Amazon.com were worth $10,822,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bridgefront Capital LLC acquired a new position in Amazon.com in the first quarter valued at approximately $228,000. Krane Funds Advisors LLC boosted its holdings in Amazon.com by 239.1% in the first 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 in the last quarter. Range Financial Group LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $258,000. My Personal CFO LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $191,000. 57.96% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Wedbush reiterated an “outperform” rating and issued a $180.00 price objective on shares of Amazon.com in a research note on Monday, September 25th. Sanford C. Bernstein boosted their price objective on Amazon.com from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Tigress Financial boosted their price objective on Amazon.com from $192.00 to $204.00 in a research note on Thursday, July 13th. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective on shares of Amazon.com in a research note on Thursday, September 28th. Finally, Truist Financial upped their price target on Amazon.com from $144.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $161.30.
Amazon.com Stock Performance
NASDAQ AMZN opened at $127.96 on Friday. The business’s 50-day moving average price is $134.65 and its 200 day moving average price is $122.86. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $145.86. The company has a market capitalization of $1.32 trillion, a PE ratio of 100.76, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. On average, research analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current year.
Insider Transactions at Amazon.com
In other news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The transaction was disclosed in a document filed with the SEC, 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 dated Monday, October 2nd. The stock was sold at an average price of $127.20, for a total value of $508,800.00. Following the transaction, the chief executive officer now directly owns 522,316 shares in the company, valued at approximately $66,438,595.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $16,034,948.60. The disclosure for this sale can be found here. Insiders have sold a total of 1,408,145 shares of company stock worth $55,144,443 in the last three months. 12.30% of the stock is currently owned by company insiders.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
Read More
- Five stocks we like better than Amazon.com
- How to Calculate Return on Investment (ROI)
- How To Find Value Stocks Using This Simple Filtering Method
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- MarketBeat Week in Review – 10/2 – 10/6
- What is a Secondary Public Offering? What Investors Need to Know
- Levi Strauss: A Bottom is in for Steady, Stable Dividend Payer
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
