Cedar Wealth Management LLC Sells 1,965 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cedar Wealth Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,117 shares of the e-commerce giant's stock after selling 1,965 shares during the period. Amazon.com comprises about 1.2% of Cedar Wealth Management LLC's holdings, making the stock its 13th largest position. Cedar Wealth Management LLC's holdings in Amazon.com were worth $3,317,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Community Bank N.A. raised its position in shares of Amazon.com by 5.5% in the fourth quarter. Community Bank N.A. now owns 38,278 shares of the e-commerce giant's stock valued at $8,398,000 after buying an additional 1,990 shares during the last quarter. Napatree Capital LLC raised its holdings in Amazon.com by 23.8% in the 4th quarter. Napatree Capital LLC now owns 9,669 shares of the e-commerce giant's stock valued at $2,121,000 after acquiring an additional 1,860 shares during the last quarter. Meridian Wealth Partners LLC lifted its stake in shares of Amazon.com by 9.0% during the 4th quarter. Meridian Wealth Partners LLC now owns 9,067 shares of the e-commerce giant's stock worth $1,989,000 after purchasing an additional 745 shares during the period. Hill Island Financial LLC boosted its holdings in shares of Amazon.com by 1.6% during the fourth quarter. Hill Island Financial LLC now owns 5,885 shares of the e-commerce giant's stock worth $1,291,000 after purchasing an additional 91 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its position in shares of Amazon.com by 7.9% in the fourth quarter. Samalin Investment Counsel LLC now owns 6,130 shares of the e-commerce giant's stock valued at $1,345,000 after purchasing an additional 449 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 1.3 %

Shares of AMZN stock traded up $2.45 on Friday, reaching $188.99. 36,349,105 shares of the company's stock traded hands, compared to its average volume of 41,913,658. The business's 50 day moving average price is $193.52 and its two-hundred day moving average price is $208.05. The company has a market capitalization of $2.00 trillion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. 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 released its quarterly earnings data 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 return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on AMZN. Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Royal Bank of Canada boosted their price target on Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Benchmark lifted their price objective on Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Barclays lifted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group reduced 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. Two investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.56.

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.