Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Cut by Founders Capital Management

Founders Capital Management lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 38.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,864 shares of the e-commerce giant’s stock after selling 3,010 shares during the period. Founders Capital Management’s holdings in Amazon.com were worth $409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Iron Horse Wealth Management LLC boosted its position in shares of Amazon.com by 4,540.0% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 227 shares in the last quarter. Wells Financial Advisors INC boosted its position in shares of Amazon.com by 1,900.0% during the 2nd quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after purchasing an additional 266 shares in the last quarter. Knott David M Jr bought a new position in shares of Amazon.com during the 2nd quarter valued at about $32,000. Laurel Wealth Planning LLC boosted its position in shares of Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Finally, Baron Financial Group LLC boosted its position in shares of Amazon.com by 1,900.0% during the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 342 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,394 shares of company stock worth $6,994,626. Insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 1.1 %

Shares of Amazon.com stock opened at $98.95 on Friday. The company’s fifty day simple moving average is $97.01 and its 200-day simple moving average is $101.53. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of -369.20, a PEG ratio of 3.97 and a beta of 1.25. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several research reports. Evercore ISI raised their price objective on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Morgan Stanley upped their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Cowen upped their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Oppenheimer upped their price objective on shares of Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Finally, The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, January 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $144.72.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.