Jaffetilchin Investment Partners LLC Sells 4,417 Shares of Amazon.com, Inc. $AMZN

Jaffetilchin Investment Partners LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,445 shares of the e-commerce giant’s stock after selling 4,417 shares during the period. Amazon.com comprises approximately 1.9% of Jaffetilchin Investment Partners LLC’s portfolio, making the stock its 13th biggest holding. Jaffetilchin Investment Partners LLC’s holdings in Amazon.com were worth $33,341,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMZN. Lifelong Wealth Advisors Inc. grew its holdings in Amazon.com by 2.4% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock valued at $402,000 after buying an additional 41 shares in the last quarter. Union Savings Bank grew its holdings in Amazon.com by 0.4% in the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after buying an additional 45 shares in the last quarter. Doheny Asset Management CA grew its holdings in Amazon.com by 0.3% in the 2nd quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock valued at $3,910,000 after buying an additional 45 shares in the last quarter. IMPACTfolio LLC grew its holdings in Amazon.com by 3.8% in the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock valued at $269,000 after buying an additional 45 shares in the last quarter. Finally, Cadence Wealth Management LLC lifted its position in shares of Amazon.com by 3.5% during the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock valued at $292,000 after acquiring an additional 45 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $221.25 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. Amazon.com, Inc. has a 52 week low of $165.29 and a 52 week high of $258.60. The stock has a market capitalization of $2.38 trillion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.38. The stock has a fifty day moving average of $212.14 and a 200-day moving average of $223.98.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. During the same period last year, the firm posted $1.86 EPS. Amazon.com’s quarterly revenue was up 13.6% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the completion of the transaction, the chief executive officer owned 2,238,118 shares of the company’s stock, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 17,751 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the transaction, the chief executive officer directly owned 9,405 shares of the company’s stock, valued at $1,930,094.10. This trade represents a 65.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 72,686 shares of company stock worth $14,899,239 in the last three months. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMZN shares. Stifel Nicolaus set a $300.00 target price on Amazon.com and gave the company a “buy” rating in a research report on Tuesday, January 27th. TD Cowen reiterated a “buy” rating and set a $300.00 target price on shares of Amazon.com in a research report on Monday, March 23rd. Piper Sandler reiterated an “overweight” rating and set a $260.00 target price (down from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Amazon.com in a research report on Friday, February 6th. Finally, Wells Fargo & Company upped their target price on Amazon.com from $304.00 to $305.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $287.39.

Check Out Our Latest Stock Report on AMZN

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Featured Articles

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.