Poehling Capital Management INC. Sells 74 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Poehling Capital Management INC. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 32,479 shares of the e-commerce giant’s stock after selling 74 shares during the quarter. Amazon.com comprises 1.6% of Poehling Capital Management INC.’s investment portfolio, making the stock its 16th largest holding. Poehling Capital Management INC.’s holdings in Amazon.com were worth $6,179,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at about $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the 1st quarter valued at about $40,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMZN. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a report on Monday, July 28th. Wells Fargo & Company lifted their price objective on Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Pivotal Research lifted their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 1st. HSBC lifted their price objective on Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Finally, Piper Sandler lifted their price objective on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $262.45.

Amazon.com Price Performance

Shares of AMZN opened at $221.30 on Tuesday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. The business has a 50-day moving average of $219.94 and a 200-day moving average of $208.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the company earned $1.26 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 25,101,037 shares of company stock worth $5,674,726,368 in the last ninety days. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.