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Covenant Partners LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,409 shares of the e-commerce giant’s stock after selling 1,650 shares during the period. Amazon.com accounts for 1.0% of Covenant Partners LLC’s investment portfolio, making the stock its 13th largest holding. Covenant Partners LLC’s holdings in Amazon.com were worth $3,161,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Cable Hill Partners LLC lifted its holdings in Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after purchasing an additional 44 shares in the last quarter. Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares in the last quarter. Northern Capital Management Inc. lifted its holdings in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after buying an additional 45 shares in the last quarter. White Wing Wealth Management lifted its holdings in shares of Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after buying an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC lifted its holdings in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insider Buying and Selling
In related news, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,749 shares of company stock valued at $24,197,235 over the last three months. 9.70% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on AMZN shares. DA Davidson lowered their target price on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Westpark Capital reissued a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Citigroup reissued an “outperform” rating on shares of Amazon.com in a report on Friday, May 2nd. Jefferies Financial Group lowered their target price on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Loop Capital boosted their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $244.09.
Get Our Latest Stock Analysis on AMZN
Amazon.com Trading Down 1.0%
NASDAQ AMZN opened at $200.99 on Friday. The company’s 50-day moving average price is $190.05 and its 200-day moving average price is $208.81. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.13 trillion, a PE ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 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.
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