Family Capital Management Inc. Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Family Capital Management Inc. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,067 shares of the e-commerce giant’s stock after selling 164 shares during the quarter. Amazon.com accounts for approximately 6.9% of Family Capital Management Inc.’s holdings, making the stock its 6th biggest holding. Family Capital Management Inc.’s holdings in Amazon.com were worth $9,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its stake in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC purchased a new position in Amazon.com during the 4th quarter valued at $43,000. Bruce G. Allen Investments LLC bought a new position in Amazon.com in the 4th quarter worth $57,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Amazon.com in the 3rd quarter worth about $49,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on AMZN. Robert W. Baird increased their price target on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group raised their target price on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Argus increased their price objective on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Telsey Advisory Group boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $211.62.

Amazon.com Stock Down 0.4 %

Amazon.com stock opened at $188.00 on Thursday. Amazon.com, Inc. has a one year low of $105.16 and a one year high of $189.94. The stock has a fifty day moving average of $179.60 and a 200 day moving average of $161.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market cap of $1.96 trillion, a PE ratio of 52.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $173.33, for a total value of $1,039,780,497.17. Following the completion of the sale, the insider now directly owns 970,255,270 shares in the company, valued at approximately $168,174,345,949.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $173.33, for a total transaction of $1,039,780,497.17. Following the transaction, the insider now directly owns 970,255,270 shares of the company’s stock, valued at approximately $168,174,345,949.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The disclosure for this sale can be found here. Insiders have sold 26,198,961 shares of company stock worth $4,482,430,577 in the last 90 days. 10.80% of the stock is currently owned by insiders.

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.