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Algert Global LLC Has $14.03 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

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Algert Global LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,926 shares of the e-commerce giant's stock after selling 17,017 shares during the quarter. Algert Global LLC's holdings in Amazon.com were worth $14,025,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cable Hill Partners LLC lifted its position 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 buying an additional 44 shares in the last quarter. Quattro Financial Advisors LLC increased its position 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 acquiring an additional 45 shares in the last quarter. Northern Capital Management Inc. raised its stake in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares during the period. White Wing Wealth Management lifted its holdings in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after acquiring an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC boosted its position in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,537 shares of company stock worth $20,018,625 over the last 90 days. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Rosenblatt Securities raised their price objective on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. UBS Group reissued a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Westpark Capital reaffirmed a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, Royal Bank of Canada dropped their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Get Our Latest Stock Analysis on Amazon.com

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $2.11 during trading on Monday, hitting $200.99. The company had a trading volume of 33,340,050 shares, compared to its average volume of 42,020,996. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market cap of $2.13 trillion, a P/E ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30. The business's 50-day moving average is $190.16 and its 200 day moving average is $208.75. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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