Cedar Capital LLC Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cedar Capital LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 34.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 425 shares of the e-commerce giant’s stock after selling 222 shares during the quarter. Cedar Capital LLC’s holdings in Amazon.com were worth $785,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Johanson Financial Advisors Inc. raised its holdings in Amazon.com by 185,502.2% in the fourth quarter. Johanson Financial Advisors Inc. now owns 2,095,449 shares of the e-commerce giant’s stock valued at $1,134,000 after acquiring an additional 2,094,320 shares in the last quarter. California Public Employees Retirement System raised its holdings in Amazon.com by 32.2% in the third quarter. California Public Employees Retirement System now owns 901,471 shares of the e-commerce giant’s stock valued at $1,564,873,000 after acquiring an additional 219,380 shares in the last quarter. State Street Corp raised its holdings in Amazon.com by 0.8% in the third quarter. State Street Corp now owns 16,705,952 shares of the e-commerce giant’s stock valued at $29,000,029,000 after acquiring an additional 138,504 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in Amazon.com by 314.8% in the third quarter. Voloridge Investment Management LLC now owns 156,440 shares of the e-commerce giant’s stock valued at $271,566,000 after acquiring an additional 118,721 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Amazon.com by 2.3% in the third quarter. Fisher Asset Management LLC now owns 1,762,006 shares of the e-commerce giant’s stock valued at $3,058,685,000 after acquiring an additional 40,404 shares in the last quarter. Institutional investors and hedge funds own 56.42% of the company’s stock.

AMZN stock opened at $2,149.87 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. Amazon.com, Inc. has a one year low of $1,586.57 and a one year high of $2,185.95. The firm has a market capitalization of $1,070.23 billion, a PE ratio of 93.43, a P/E/G ratio of 2.87 and a beta of 1.58. The firm has a 50-day moving average of $1,921.10 and a two-hundred day moving average of $1,816.92.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, January 30th. The e-commerce giant reported $6.47 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $2.49. Amazon.com had a net margin of 4.13% and a return on equity of 21.07%. The company had revenue of $87.44 billion during the quarter, compared to analyst estimates of $86.09 billion. During the same period in the prior year, the firm earned $6.04 earnings per share. The business’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 27.57 earnings per share for the current year.

In other Amazon.com news, CEO Jeffrey P. Bezos sold 364,684 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $2,036.42, for a total transaction of $742,649,791.28. Following the completion of the sale, the chief executive officer now directly owns 57,001,001 shares of the company’s stock, valued at $116,077,978,456.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey P. Bezos sold 324,686 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $2,051.70, for a total transaction of $666,158,266.20. Following the sale, the chief executive officer now directly owns 56,143,208 shares of the company’s stock, valued at $115,189,019,853.60. The disclosure for this sale can be found here. Insiders have sold 716,969 shares of company stock valued at $1,465,051,075 over the last ninety days. Insiders own 16.10% of the company’s stock.

AMZN has been the topic of several recent analyst reports. DZ Bank reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, October 25th. Pivotal Research upped their price target on shares of Amazon.com from $2,250.00 to $2,450.00 and gave the company a “buy” rating in a report on Friday, January 31st. Telsey Advisory Group increased their target price on shares of Amazon.com from $2,200.00 to $2,350.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets increased their target price on shares of Amazon.com to $2,450.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Sanford C. Bernstein initiated coverage on shares of Amazon.com in a report on Thursday, January 9th. They set a “market perform” rating and a $2,050.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $2,319.76.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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

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