Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by Courier Capital LLC

Courier Capital LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 54,184 shares of the e-commerce giant’s stock after selling 1,932 shares during the quarter. Amazon.com comprises approximately 0.8% of Courier Capital LLC’s holdings, making the stock its 25th largest position. Courier Capital LLC’s holdings in Amazon.com were worth $11,887,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Heritage Family Offices LLP acquired a new stake in shares of Amazon.com during the second quarter worth $206,000. Values Added Financial LLC increased its holdings in shares of Amazon.com by 3.2% in the 2nd quarter. Values Added Financial LLC now owns 13,026 shares of the e-commerce giant’s stock worth $2,517,000 after acquiring an additional 399 shares during the period. MBA Advisors LLC increased its holdings in shares of Amazon.com by 1.3% in the 2nd quarter. MBA Advisors LLC now owns 6,766 shares of the e-commerce giant’s stock worth $1,308,000 after acquiring an additional 86 shares during the period. Searle & CO. increased its holdings in shares of Amazon.com by 12.3% in the 2nd quarter. Searle & CO. now owns 12,692 shares of the e-commerce giant’s stock worth $2,453,000 after acquiring an additional 1,392 shares during the period. Finally, Bryn Mawr Capital Management LLC increased its holdings in shares of Amazon.com by 15.7% in the 2nd quarter. Bryn Mawr Capital Management LLC now owns 148,136 shares of the e-commerce giant’s stock worth $28,416,000 after acquiring an additional 20,053 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $235.42 on Friday. The stock has a market cap of $2.48 trillion, a PE ratio of 50.41, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. The stock has a 50-day moving average of $219.15 and a 200-day moving average of $196.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $235.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. UBS Group increased their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Redburn Atlantic raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Raymond James raised their target price on shares of Amazon.com from $230.00 to $260.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $247.72.

About Amazon.com

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.