Soundwatch Capital LLC sells 3,515 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Soundwatch Capital LLC reduced its stake in Amazon.com, Inc., according to its latest 13F filing with the SEC. (NASDAQ:AMZN) up 41.7% in the fourth quarter. The company owned 4,920 shares of the e-commerce giant after selling 3,515 shares during the quarter. Amazon.com represents approximately 0.4% of Soundwatch Capital LLC’s investment portfolio, making it the 14th largest company. As of its most recent filing with the SEC, Soundwatch Capital LLC’s stake in Amazon.com was worth $742,000.

Several other institutional investors and hedge funds also recently bought and sold AMZN stock. Members Trust Co increased its holdings in shares of Amazon.com by 8.9% in 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 raised 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 acquiring 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 acquiring an additional 2,273 shares in the last quarter. In the third quarter, Nicholas Company Inc. increased its position in Amazon.com shares by 3.9%. 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.

Changes in analyst ratings

Several research analysts have commented on AMZN stock. UBS Group raised their price target on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Robert W. Baird raised their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Barclays increased their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Canaccord Genuity Group increased their price target on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. One investment 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. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $212.40.

See our latest stock analysis on AMZN

Amazon.com pricing performance

AMZN stock opened Friday at $176.44. Amazon.com, Inc. it has a twelve month low of $118.35 and a twelve month high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The stock has a fifty-day simple moving average of $182.34 and a two-hundred-day simple moving average of $167.37. The market capitalization of the company’s shares is $1.84 trillion, the price-to-earnings ratio is 49.42, the P/E/G ratio is 1.30 and the beta is 1.15.

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

Confidential activity

In related 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 value of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a document filed with the Securities and Exchange Commission, available at this link. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, Keith Brian Alexander, director, sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction amount of $186,220.00. Following the sale, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 117,894 shares of company stock worth $21,363,909. Corporate insiders own 10.80% of the company’s shares.

About Amazon.com

(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.

read more

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Get daily news and ratings for Amazon.com – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Amazon.com and related companies with MarketBeat.com’s FREE daily email newsletter.