Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 879 shares of the e-commerce giant’s stock after selling 18 shares during the quarter. Amazon.com makes up about 1.0% of Stonebridge Capital Management Inc.’s investment portfolio, making the stock its 29th largest holding. Stonebridge Capital Management Inc.’s holdings in Amazon.com were worth $2,719,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Mosaic Family Wealth LLC lifted its stake in shares of Amazon.com by 0.4% during the fourth quarter. Mosaic Family Wealth LLC now owns 787 shares of the e-commerce giant’s stock valued at $2,563,000 after acquiring an additional 3 shares during the period. Hallmark Capital Management Inc. lifted its stake in Amazon.com by 0.7% in the fourth quarter. Hallmark Capital Management Inc. now owns 445 shares of the e-commerce giant’s stock valued at $1,449,000 after buying an additional 3 shares during the period. Summit Asset Management LLC lifted its stake in Amazon.com by 0.4% in the fourth quarter. Summit Asset Management LLC now owns 722 shares of the e-commerce giant’s stock valued at $2,352,000 after buying an additional 3 shares during the period. Core Wealth Advisors Inc. lifted its stake in Amazon.com by 1.8% in the fourth quarter. Core Wealth Advisors Inc. now owns 173 shares of the e-commerce giant’s stock valued at $563,000 after buying an additional 3 shares during the period. Finally, Ironwood Wealth Management LLC. lifted its stake in Amazon.com by 6.3% in the third quarter. Ironwood Wealth Management LLC. now owns 67 shares of the e-commerce giant’s stock valued at $211,000 after buying an additional 4 shares during the period. 56.39% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on AMZN. Monness Crespi & Hardt increased their target price on Amazon.com from $4,000.00 to $4,250.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. UBS Group reissued a “buy” rating and issued a $4,150.00 target price (up previously from $4,000.00) on shares of Amazon.com in a research note on Wednesday, February 3rd. Evercore ISI reissued an “outperform” rating and issued a $4,000.00 target price on shares of Amazon.com in a research note on Tuesday. Susquehanna increased their price target on Amazon.com from $4,000.00 to $5,200.00 and gave the stock a “positive” rating in a report on Wednesday, February 3rd. Finally, Pivotal Research increased their price target on Amazon.com from $4,500.00 to $4,650.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Two research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $3,930.67.

Shares of AMZN traded up $26.88 during mid-day trading on Thursday, reaching $3,306.27. The company’s stock had a trading volume of 78,381 shares, compared to its average volume of 3,599,911. Amazon.com, Inc. has a 1-year low of $2,011.15 and a 1-year high of $3,552.25. The stock has a market cap of $1.66 trillion, a P/E ratio of 96.03, a PEG ratio of 2.37 and a beta of 1.19. The business has a 50-day simple moving average of $3,112.50 and a two-hundred day simple moving average of $3,173.79. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $7.05 by $7.04. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The company had revenue of $125.56 billion during the quarter, compared to analysts’ expectations of $119.73 billion. During the same period last year, the firm posted $6.47 earnings per share. The business’s revenue was up 43.6% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 34.59 EPS for the current year.

In related news, Director Judith A. Mcgrath sold 340 shares of Amazon.com stock in a transaction that occurred on Thursday, February 4th. The stock was sold at an average price of $3,328.35, for a total transaction of $1,131,639.00. Following the completion of the sale, the director now directly owns 1,984 shares of the company’s stock, valued at approximately $6,603,446.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David H. Clark sold 1,019 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total value of $3,319,779.72. Following the sale, the chief executive officer now directly owns 1,452 shares of the company’s stock, valued at $4,730,441.76. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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