DeDora Capital Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,868 shares of the e-commerce giant’s stock after selling 37 shares during the quarter. Amazon.com comprises 2.5% of DeDora Capital Inc.’s investment portfolio, making the stock its 6th largest holding. DeDora Capital Inc.’s holdings in Amazon.com were worth $2,806,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AMZN. Spence Asset Management raised its holdings in Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 14 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in Amazon.com by 112.5% during the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 18 shares in the last quarter. O Brien Wealth Partners LLC raised its holdings in Amazon.com by 104.8% during the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock worth $72,000 after purchasing an additional 22 shares in the last quarter. Cordasco Financial Network raised its holdings in Amazon.com by 17.4% during the fourth quarter. Cordasco Financial Network now owns 54 shares of the e-commerce giant’s stock worth $81,000 after purchasing an additional 8 shares in the last quarter. Finally, Spirit of America Management Corp NY purchased a new position in Amazon.com during the third quarter worth about $110,000. 56.09% of the stock is owned by institutional investors and hedge funds.

In related news, Director Patricia Q. Stonesifer sold 1,375 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the sale, the director now owns 7,861 shares in the company, valued at $12,593,322. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the sale, the senior vice president now owns 46,596 shares in the company, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. Insiders sold 7,075 shares of company stock worth $11,802,708 over the last quarter. Company insiders own 16.30% of the company’s stock.

Several research analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. CIBC increased their price target on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Societe Generale assumed coverage on shares of Amazon.com in a report on Monday, April 8th. They set a “buy” rating and a $2,370.00 price target for the company. BidaskClub raised shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Amazon.com in a report on Friday, January 25th. Four analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $2,139.02.

AMZN stock opened at $1,844.87 on Tuesday. The company has a market capitalization of $905.81 billion, a PE ratio of 91.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.63. Amazon.com, Inc. has a 12 month low of $1,307.00 and a 12 month high of $2,050.50. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, beating the consensus estimate of $5.55 by $0.49. The business had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. During the same period in the prior year, the business earned $2.16 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 26.66 EPS for the current fiscal year.

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Amazon.com 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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