Donaldson Capital Management LLC Sells 7,081 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Donaldson Capital Management LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,925 shares of the e-commerce giant’s stock after selling 7,081 shares during the period. Donaldson Capital Management LLC’s holdings in Amazon.com were worth $5,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridgefront Capital LLC acquired a new stake in Amazon.com in the 1st quarter valued at $228,000. Krane Funds Advisors LLC increased its stake 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 worth $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $258,000. My Personal CFO LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $191,000. 57.64% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN stock opened at $115.00 on Friday. The company has a 50 day simple moving average of $105.19 and a 200 day simple moving average of $97.67. The stock has a market cap of $1.18 trillion, a price-to-earnings ratio of 273.81, a P/E/G ratio of 4.00 and a beta of 1.26. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69.

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

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were 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 directly owns 119,780 shares in the company, valued at approximately $13,846,568. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were 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 directly owns 119,780 shares in the company, valued at approximately $13,846,568. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 21,925 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the completion of the transaction, the chief executive officer now owns 1,997,681 shares of the company’s stock, valued at $230,472,456.97. The disclosure for this sale can be found here. Insiders sold a total of 75,144 shares of company stock worth $8,405,887 in the last three months. 12.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price objective on shares of Amazon.com in a research note on Thursday, April 20th. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Piper Sandler boosted their price objective on shares of Amazon.com from $123.00 to $130.00 in a research note on Friday, April 28th. Cowen boosted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Finally, Wolfe Research lifted their target price on shares of Amazon.com from $130.00 to $140.00 in a report on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.12.

Amazon.com Company Profile

(Get Rating)

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.