Amazon.com, Inc. (NASDAQ:AMZN) Stake Trimmed by Slow Capital Inc.

Slow Capital Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the fourth quarter, HoldingsChannel reports. The firm owned 124,675 shares of the e-commerce giant’s stock after selling 2,796 shares during the period. Amazon.com accounts for approximately 3.9% of Slow Capital Inc.’s holdings, making the stock its 5th biggest position. Slow Capital Inc.’s holdings in Amazon.com were worth $27,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Lebenthal Global Advisors LLC increased its stake in Amazon.com by 6.8% in the 4th quarter. Lebenthal Global Advisors LLC now owns 11,433 shares of the e-commerce giant’s stock worth $2,508,000 after purchasing an additional 732 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Amazon.com by 15.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 212,522 shares of the e-commerce giant’s stock valued at $46,625,000 after acquiring an additional 27,928 shares in the last quarter. Main Line Retirement Advisors LLC purchased a new position in Amazon.com during the 4th quarter valued at about $230,000. Parsons Capital Management Inc. RI grew its stake in Amazon.com by 23.7% during the 4th quarter. Parsons Capital Management Inc. RI now owns 288,451 shares of the e-commerce giant’s stock valued at $63,283,000 after acquiring an additional 55,186 shares in the last quarter. Finally, Heirloom Wealth Management grew its stake in Amazon.com by 3.4% during the 4th quarter. Heirloom Wealth Management now owns 1,803 shares of the e-commerce giant’s stock valued at $396,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $228.68 on Monday. The stock has a market cap of $2.42 trillion, a PE ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock’s 50 day simple moving average is $228.21 and its 200-day simple moving average is $202.44.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Piper Sandler reiterated an “overweight” rating and set a $265.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Mizuho lifted their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Raymond James lifted their price target on Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $260.74.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,848 shares of company stock worth $11,368,639 over the last three months. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.