Callan Capital LLC Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Callan Capital LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 34,134 shares of the e-commerce giant’s stock after selling 745 shares during the quarter. Callan Capital LLC’s holdings in Amazon.com were worth $7,489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Thompson Davis & CO. Inc. lifted its holdings in Amazon.com by 4.6% during the fourth quarter. Thompson Davis & CO. Inc. now owns 5,110 shares of the e-commerce giant’s stock valued at $1,121,000 after purchasing an additional 225 shares during the last quarter. Winebrenner Capital Management LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $2,066,000. Navellier & Associates Inc. lifted its holdings in Amazon.com by 3.9% during the fourth quarter. Navellier & Associates Inc. now owns 18,401 shares of the e-commerce giant’s stock valued at $4,037,000 after purchasing an additional 685 shares during the last quarter. Wealth Management Nebraska purchased a new stake in Amazon.com during the fourth quarter valued at about $654,000. Finally, Matauro LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $1,265,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $196.21 on Monday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock’s 50-day moving average is $218.90 and its 200 day moving average is $208.44. The company has a market cap of $2.08 trillion, a P/E ratio of 35.48, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Roth Mkm upped their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Tigress Financial upped their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Benchmark upped their price target on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Redburn Atlantic upped their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 over the last three months. 10.80% of the stock is currently owned by insiders.

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.