1834 Investment Advisors Co. Sells 8,864 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

1834 Investment Advisors Co. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,815 shares of the e-commerce giant’s stock after selling 8,864 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Amazon.com were worth $5,442,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Bridgefront Capital LLC bought a new stake in Amazon.com in the 1st quarter worth about $228,000. Krane Funds Advisors LLC raised its holdings in shares of Amazon.com by 239.1% during 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 during the last quarter. Range Financial Group LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $258,000. My Personal CFO LLC bought a new position in Amazon.com during the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com in the first quarter worth approximately $191,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.9 %

Shares of AMZN opened at $179.83 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $169.73 and a 200 day moving average of $151.07. The company has a market cap of $1.87 trillion, a PE ratio of 62.01, a P/E/G ratio of 1.57 and a beta of 1.17. Amazon.com, Inc. has a 52-week low of $96.29 and a 52-week high of $181.41.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.19. The firm 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 business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the sale, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $168.65, for a total value of $8,432,500.00. Following the transaction, the chief executive officer now owns 2,014,055 shares of the company’s stock, valued at approximately $339,670,375.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the sale, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The disclosure for this sale can be found here. Insiders sold 32,210,510 shares of company stock worth $5,505,223,106 over the last 90 days. Company insiders own 12.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMZN. Needham & Company LLC increased their price target on Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Truist Financial reissued a “buy” rating and issued a $195.00 target price on shares of Amazon.com in a research report on Friday, March 22nd. Barclays upped their price target on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Susquehanna raised their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Finally, Bank of America upped their target price on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One 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 company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and a consensus target price of $197.95.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.