Sebold Capital Management Inc. Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sebold Capital Management Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 27.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,045 shares of the e-commerce giant’s stock after selling 1,566 shares during the period. Sebold Capital Management Inc.’s holdings in Amazon.com were worth $615,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Register Financial Advisors LLC boosted its position in Amazon.com by 14.3% in the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after purchasing an additional 657 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Amazon.com by 1.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after buying an additional 148 shares during the period. Westchester Capital Management Inc. raised its stake in shares of Amazon.com by 0.6% during the 2nd quarter. Westchester Capital Management Inc. now owns 28,246 shares of the e-commerce giant’s stock worth $3,682,000 after buying an additional 170 shares during the period. Cherrydale Wealth Management LLC raised its stake in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares during the period. Finally, Tompkins Financial Corp raised its stake in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Piper Sandler upped their target price on Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Raymond James upped their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Sanford C. Bernstein upped their target price on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. TD Cowen upped their target price on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Evercore ISI increased their price objective on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $198.09.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the sale, the chief executive officer now owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the transaction, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock worth $5,505,782,846 in the last three months. 12.30% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $185.07 on Friday. The business has a 50-day moving average of $173.82 and a 200 day moving average of $153.10. Amazon.com, Inc. has a 12 month low of $97.71 and a 12 month high of $186.27. The stock has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 63.82, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the business posted $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.