Amazon.com, Inc. (NASDAQ:AMZN) is Cutter & CO Brokerage Inc.’s 10th Largest Position

Cutter & CO Brokerage Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 32,195 shares of the e-commerce giant’s stock after selling 222 shares during the quarter. Amazon.com comprises approximately 1.7% of Cutter & CO Brokerage Inc.’s portfolio, making the stock its 10th biggest position. Cutter & CO Brokerage Inc.’s holdings in Amazon.com were worth $7,063,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Denali Advisors LLC boosted its stake in Amazon.com by 10.7% in the 4th quarter. Denali Advisors LLC now owns 135,656 shares of the e-commerce giant’s stock worth $29,762,000 after buying an additional 13,075 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of Amazon.com by 7.8% during the 4th quarter. Lake Street Advisors Group LLC now owns 121,235 shares of the e-commerce giant’s stock worth $26,598,000 after acquiring an additional 8,757 shares during the period. Liberty Square Wealth Partners LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth approximately $2,153,000. Kirtland Hills Capital Management LLC grew its holdings in Amazon.com by 35.7% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 15,134 shares of the e-commerce giant’s stock valued at $3,320,000 after purchasing an additional 3,982 shares during the period. Finally, Bradley & Co. Private Wealth Management LLC acquired a new position in Amazon.com during the fourth quarter worth approximately $11,359,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 over the last 90 days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.1 %

Shares of NASDAQ:AMZN opened at $201.36 on Friday. The firm has a market cap of $2.13 trillion, a P/E ratio of 36.41, a P/E/G ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The business has a fifty day simple moving average of $217.53 and a 200 day simple moving average of $208.75. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last released its earnings results 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 net margin of 9.29% and a return on equity of 24.25%. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Scotiabank lifted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Wolfe Research upped their price target on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Maxim Group boosted their target price on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

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.