Islay Capital Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.6% during the fourth quarter, HoldingsChannel reports. The fund owned 5,550 shares of the e-commerce giant’s stock after selling 730 shares during the quarter. Islay Capital Management LLC’s holdings in Amazon.com were worth $466,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. McElhenny Sheffield Capital Management LLC bought a new position in shares of Amazon.com in the 4th quarter worth about $27,000. Retirement Financial Solutions LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth about $32,000. Laurel Wealth Planning LLC increased its holdings in shares of Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 304 shares during the period. Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Amazon.com in the 1st quarter worth about $38,000. Finally, Cowa LLC acquired a new stake in shares of Amazon.com in the 3rd quarter worth about $40,000. 57.64% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Monday, February 6th. The stock was sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the transaction, the chief executive officer now owns 529,435 shares in the company, valued at $54,478,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the transaction, the chief executive officer now owns 529,435 shares in the company, valued at $54,478,861.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $103.77, for a total value of $53,960.40. Following the completion of the sale, the chief executive officer now directly owns 136,780 shares of the company’s stock, valued at approximately $14,193,660.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,713 shares of company stock worth $7,739,103. 12.70% of the stock is owned by insiders.
Amazon.com Stock Up 2.3 %
Shares of NASDAQ:AMZN opened at $104.98 on Thursday. The stock has a fifty day simple moving average of $98.62 and a two-hundred day simple moving average of $97.41. The stock has a market capitalization of $1.08 trillion, a price-to-earnings ratio of -388.81, a PEG ratio of 4.34 and a beta of 1.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 1.35 earnings per share for the current fiscal year.
Analyst Ratings Changes
AMZN has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. Robert W. Baird raised their target price on shares of Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Morgan Stanley raised their target price on shares of Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Roth Capital reissued a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Finally, Cowen raised their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.75.
Amazon.com Company Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
Featured Articles
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).
Receive News & Ratings for Amazon.com Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.