Amazon.com, Inc. (NASDAQ:AMZN) Holdings reduced by Selway Asset Management

According to the latest 13F filing with the Securities and Exchange Commission (SEC), Selway Asset Management lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) up 3.4% in the fourth quarter. The institutional investor owned 39,370 shares of the e-commerce giant after selling 1,400 shares during the quarter. Amazon.com accounts for 2.5% of Selway Asset Management’s investment portfolio, which makes it the 10th largest company. At the end of the last reporting period, the value of Selway Asset Management’s shares in Amazon.com was USD 5,982,000.

Several other institutional investors and hedge funds also bought and sold shares of the company. Members Trust Co increased its position in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its position in shares of Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp increased its position in shares of Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. Nicholas Company Inc. increased its position in Amazon.com shares by 3.9% during the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after purchasing an additional 277,631 shares in the last quarter. 72.20% of the shares are currently owned by hedge funds and other institutional investors.

Confidential activity

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the transaction, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The announcement of this sale can be found here. Over the last three months, insiders sold 117,894 shares of company stock worth $21,363,909. Insiders own 10.80% of the company’s shares.

Wall Street analysts predict growth

Several analysts have commented on the stock recently. Canaccord Genuity Group increased their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Benchmark maintained a “buy” rating and set a price target for shares of Amazon.com at $200.00 in a research report on Wednesday, May 1st. Barclays raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Oppenheimer increased their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Wedbush reiterated an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-four rated the company’s shares with a buy rating, and one gave a strong buy rating to the company’s shares. The company currently has an average rating of “Buy” and a consensus price target of $212.40, according to MarketBeat data.

Get our latest analysis on Amazon.com

Amazon.com shares fell 1.5%

Amazon.com stock opened Friday at $179.32. The company has a debt to equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market capitalization of $1.87 trillion, a PE ratio of 50.23, a price-to-earnings ratio of 1.30 and a beta of 1.15. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $191.70. The company has a 50-day simple moving average of $182.39 and a two-hundred-day simple moving average of $167.14.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter increased by 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 per share. On average, analysts predict that Amazon.com, Inc. will report 4.72 EPS for the current financial year.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Confidential activity

Wall Street analysts predict growth

Amazon.com shares fell 1.5%

Amazon.com company profile

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