Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,858 shares of the e-commerce giant’s stock after selling 2,343 shares during the quarter. Amazon.com makes up approximately 1.1% of Ingalls & Snyder LLC’s portfolio, making the stock its 21st largest holding. Ingalls & Snyder LLC’s holdings in Amazon.com were worth $21,847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kavar Capital Partners Group LLC increased its holdings in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd increased its holdings 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 valued at $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. increased its holdings 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 valued at $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp increased its holdings in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC grew its stake in shares of Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares in the last quarter. 57.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. JMP Securities boosted their price target on shares of Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Wedbush boosted their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Wolfe Research lifted their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Benchmark lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $197.95.

Check Out Our Latest Report on AMZN

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Shelley Reynolds sold 3,120 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total value of $446,752.80. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $17,151,298.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,829 shares of company stock worth $8,885,713. 12.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $169.15 on Wednesday. The company’s 50 day simple moving average is $152.91 and its 200 day simple moving average is $141.39. The company has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 58.33, a PEG ratio of 1.62 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $88.12 and a 1 year high of $172.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 3.72 EPS for the current year.

Amazon.com Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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