Arcus Capital Partners LLC Sells 6,832 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Arcus Capital Partners LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 45.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,361 shares of the e-commerce giant’s stock after selling 6,832 shares during the quarter. Arcus Capital Partners LLC’s holdings in Amazon.com were worth $1,270,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Alera Investment Advisors LLC lifted its holdings in Amazon.com by 0.6% in the 4th quarter. Alera Investment Advisors LLC now owns 24,929 shares of the e-commerce giant’s stock worth $3,788,000 after purchasing an additional 160 shares in the last quarter. Advisory Alpha LLC raised its holdings in Amazon.com by 11.8% during the 4th quarter. Advisory Alpha LLC now owns 26,890 shares of the e-commerce giant’s stock valued at $4,086,000 after buying an additional 2,829 shares during the period. Crown Wealth Group LLC raised its holdings in Amazon.com by 23.0% during the 4th quarter. Crown Wealth Group LLC now owns 17,285 shares of the e-commerce giant’s stock valued at $2,626,000 after buying an additional 3,236 shares during the period. Lewis Asset Management LLC purchased a new stake in Amazon.com during the 4th quarter valued at $3,693,000. Finally, Derbend Asset Management raised its holdings in Amazon.com by 3.5% during the 4th quarter. Derbend Asset Management now owns 12,922 shares of the e-commerce giant’s stock valued at $1,963,000 after buying an additional 433 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 20,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,213,510 shares of company stock worth $5,505,798,456. 12.30% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $174.63 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The business’s 50 day moving average price is $177.28 and its 200-day moving average price is $156.83. The firm has a market capitalization of $1.82 trillion, a PE ratio of 60.22, a P/E/G ratio of 1.57 and a beta of 1.16. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Piper Sandler increased their price target on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Monness Crespi & Hardt upped their price objective on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Roth Mkm reaffirmed a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Tuesday. Truist Financial upped their price objective on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price objective on shares of Amazon.com in a research report on Thursday. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and an average price target of $202.80.

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.