Sitrin Capital Management LLC Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sitrin Capital Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,487 shares of the e-commerce giant’s stock after selling 592 shares during the quarter. Amazon.com accounts for about 3.1% of Sitrin Capital Management LLC’s portfolio, making the stock its 19th largest position. Sitrin Capital Management LLC’s holdings in Amazon.com were worth $5,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of AMZN. Mayflower Financial Advisors LLC grew its stake in shares of Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 572 shares in the last quarter. PayPay Securities Corp grew its stake in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of Amazon.com during the third quarter worth $49,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $57,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. Mizuho boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Raymond James upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company upped their price objective on shares of Amazon.com from $211.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Maxim Group started coverage on shares of Amazon.com in a research note on Wednesday, April 17th. They issued a “buy” rating and a $218.00 price objective for the company. Finally, Barclays upped their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus target price of $203.13.

Amazon.com Trading Up 1.3 %

Shares of Amazon.com stock opened at $179.54 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $177.60 and a two-hundred day moving average of $157.99. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The stock has a market cap of $1.87 trillion, a PE ratio of 61.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17.

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

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.