Creekmur Asset Management LLC Has $3.78 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Creekmur Asset Management LLC reduced its stake in Amazon.com by 16.3% in the first quarter, now holding 19,877 shares valued at approximately $3.78 million.
• Many institutional investors, including Northern Capital Management and Talisman Wealth Advisors, increased their positions in Amazon during the fourth quarter, with hedge funds owning 72.20% of the stock.
• Analysts remain optimistic, with the stock having a consensus rating of "Buy" and target prices ranging from $250 to $285, indicating confidence in Amazon's financial performance.

Creekmur Asset Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,877 shares of the e-commerce giant's stock after selling 3,862 shares during the quarter. Amazon.com accounts for about 0.8% of Creekmur Asset Management LLC's portfolio, making the stock its 17th largest position. Creekmur Asset Management LLC's holdings in Amazon.com were worth $3,782,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Northern Capital Management Inc. boosted its stake in shares of Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after buying an additional 45 shares in the last quarter. Talisman Wealth Advisors LLC boosted its stake in shares of Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after buying an additional 53 shares in the last quarter. SWAN Capital LLC boosted its stake in shares of Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after buying an additional 55 shares in the last quarter. Lokken Investment Group LLC boosted its position in Amazon.com by 1.5% during the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant's stock worth $848,000 after purchasing an additional 56 shares in the last quarter. Finally, CWC Advisors LLC. boosted its position in Amazon.com by 3.1% during the fourth quarter. CWC Advisors LLC. now owns 1,872 shares of the e-commerce giant's stock worth $411,000 after purchasing an additional 56 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $0.05 during trading on Friday, reaching $231.03. The company's stock had a trading volume of 39,600,434 shares, compared to its average volume of 47,994,872. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The firm has a market cap of $2.46 trillion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The business's fifty day moving average price is $221.41 and its 200-day moving average price is $208.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the business earned $1.26 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AMZN shares. Stifel Nicolaus boosted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Westpark Capital reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Evercore ISI reiterated an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research report on Wednesday. Jefferies Financial Group boosted their target price on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Finally, BMO Capital Markets boosted their target price on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $262.87.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares in the company, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is owned by company insiders.

Amazon.com Company 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.