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

Yousif Capital Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,166,009 shares of the e-commerce giant’s stock after selling 37,492 shares during the quarter. Amazon.com makes up about 2.8% of Yousif Capital Management LLC’s portfolio, making the stock its 4th biggest position. Yousif Capital Management LLC’s holdings in Amazon.com were worth $255,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Silverlake Wealth Management LLC grew its holdings in Amazon.com by 7.2% during the 4th quarter. Silverlake Wealth Management LLC now owns 8,012 shares of the e-commerce giant’s stock valued at $1,758,000 after purchasing an additional 535 shares during the last quarter. Sargent Investment Group LLC boosted its position in Amazon.com by 17.7% in the 4th quarter. Sargent Investment Group LLC now owns 61,851 shares of the e-commerce giant’s stock valued at $13,512,000 after buying an additional 9,312 shares during the period. Fusion Family Wealth LLC purchased a new stake in Amazon.com in the 4th quarter valued at about $207,000. Cassia Capital Partners LLC boosted its position in Amazon.com by 31.1% in the 4th quarter. Cassia Capital Partners LLC now owns 5,462 shares of the e-commerce giant’s stock valued at $1,198,000 after buying an additional 1,297 shares during the period. Finally, Redwood Wealth Management Group LLC boosted its position in Amazon.com by 2.6% in the 4th quarter. Redwood Wealth Management Group LLC now owns 5,668 shares of the e-commerce giant’s stock valued at $1,244,000 after buying an additional 143 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Roth Mkm boosted their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Oppenheimer upped their price target on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Stifel Nicolaus upped their price target on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,149 shares of company stock worth $24,606,905. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $212.32 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The stock has a fifty day moving average of $226.44 and a 200-day moving average of $205.61.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.