Phocas Financial Corp. Sells 4,960 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Phocas Financial Corp. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 66.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,450 shares of the e-commerce giant’s stock after selling 4,960 shares during the period. Phocas Financial Corp.’s holdings in Amazon.com were worth $372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Lake Hills Wealth Management LLC increased its stake in Amazon.com by 0.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after acquiring an additional 65 shares during the last quarter. Veery Capital LLC increased its stake in Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after acquiring an additional 66 shares during the last quarter. Bellwether Advisors LLC increased its stake in Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after acquiring an additional 66 shares during the last quarter. StrategIQ Financial Group LLC increased its stake in Amazon.com by 0.3% during the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after acquiring an additional 66 shares during the last quarter. Finally, Marion Wealth Management increased its stake in Amazon.com by 1.6% during the fourth quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock worth $657,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $184.72 on Friday. The business’s 50-day moving average is $178.79 and its two-hundred day moving average is $159.95. The company has a market capitalization of $1.92 trillion, a P/E ratio of 51.74, a P/E/G ratio of 1.53 and a beta of 1.15. 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, Inc. has a fifty-two week low of $103.28 and a fifty-two week high of $189.77.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 20.73% and a net margin of 6.38%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. Research analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,213,510 shares of company stock valued at $5,505,811,286. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMZN. Citigroup boosted their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer boosted their price objective on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group upped their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. UBS Group upped their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $211.07.

View Our Latest Research Report on Amazon.com

About Amazon.com

(Free Report)

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.

Further Reading

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

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