Brinker Capital Investments LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 16.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,343 shares of the e-commerce giant’s stock after selling 3,671 shares during the quarter. Amazon.com comprises 0.9% of Brinker Capital Investments LLC’s investment portfolio, making the stock its 15th biggest holding. Brinker Capital Investments LLC’s holdings in Amazon.com were worth $59,799,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Gibson Wealth Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $33,000. MBM Wealth Consultants LLC lifted its position in Amazon.com by 57.1% during the 4th quarter. MBM Wealth Consultants LLC now owns 11 shares of the e-commerce giant’s stock worth $37,000 after acquiring an additional 4 shares during the period. William Allan LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $47,000. Cardinal Capital Management Inc. acquired a new stake in shares of Amazon.com in the 1st quarter valued at approximately $49,000. Finally, Security Financial Services INC. acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 57.15% of the company’s stock.
Amazon.com Trading Up 2.7 %
NASDAQ AMZN opened at $133.27 on Monday. Amazon.com, Inc. has a one year low of $101.26 and a one year high of $188.11. The company’s 50 day moving average price is $128.07 and its 200 day moving average price is $131.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The firm has a market capitalization of $1.36 trillion, a price-to-earnings ratio of 119.47, a PEG ratio of 5.95 and a beta of 1.33.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same quarter in the previous year, the business posted $0.76 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 0.99 EPS for the current year.
Insider Activity at Amazon.com
In related news, CEO Douglas J. Herrington sold 7,448 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.25, for a total value of $999,894.00. Following the transaction, the chief executive officer now owns 498,572 shares in the company, valued at $66,933,291. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.23, for a total value of $467,120.40. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 7,448 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $134.25, for a total transaction of $999,894.00. Following the completion of the sale, the chief executive officer now directly owns 498,572 shares of the company’s stock, valued at approximately $66,933,291. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,108 shares of company stock worth $9,736,335. Company insiders own 12.70% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on AMZN shares. Piper Sandler raised their price target on Amazon.com from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Redburn Partners started coverage on Amazon.com in a report on Wednesday, June 29th. They issued a “buy” rating and a $270.00 price target for the company. Stifel Nicolaus reduced their price target on Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. UBS Group raised their price objective on Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Amazon.com from $200.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $176.61.
Amazon.com Company 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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