Cromwell Holdings LLC Has $5.60 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cromwell Holdings LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% in the fourth quarter, Holdings Channel reports. The fund owned 25,512 shares of the e-commerce giant’s stock after selling 617 shares during the quarter. Amazon.com comprises approximately 3.2% of Cromwell Holdings LLC’s investment portfolio, making the stock its 5th biggest holding. Cromwell Holdings LLC’s holdings in Amazon.com were worth $5,597,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AMZN. AMF Tjanstepension AB boosted its holdings in Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after acquiring an additional 811,425 shares during the period. Swedbank AB lifted its stake in shares of Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC bought a new stake in shares of Amazon.com in the third quarter valued at about $279,000. Howard Capital Management Group LLC lifted its stake in shares of Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after buying an additional 897 shares during the period. Finally, Meridian Management Co. lifted its stake in shares of Amazon.com by 27.6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after buying an additional 7,246 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMZN shares. Tigress Financial increased their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Rosenblatt Securities increased their price target on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Redburn Atlantic increased their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JMP Securities reissued a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Moffett Nathanson increased their price target on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Trading Up 0.6 %

NASDAQ:AMZN opened at $196.21 on Friday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business’s 50-day moving average price is $218.90 and its two-hundred day moving average price is $207.97. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 35.48, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is currently owned by company 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.