Absolute Capital Management LLC Has $323,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Absolute Capital Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 75.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,461 shares of the e-commerce giant's stock after selling 4,387 shares during the quarter. Absolute Capital Management LLC's holdings in Amazon.com were worth $323,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Accordant Advisory Group Inc raised its stake in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the period. Quattro Financial Advisors LLC raised its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in shares of Amazon.com in the 4th quarter worth approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $54,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 2.9 %

NASDAQ:AMZN traded up $5.17 during trading hours on Thursday, reaching $185.77. The company's stock had a trading volume of 28,096,849 shares, compared to its average volume of 41,884,605. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business's 50-day moving average is $195.11 and its 200-day moving average is $207.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Telsey Advisory Group dropped their target price on Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a report on Wednesday. HSBC boosted their price objective on Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Citizens Jmp decreased their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Citigroup lowered their target price on Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $247.56.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 over the last 90 days. Insiders own 10.80% of the company's stock.

Amazon.com Company 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.