Calton & Associates Inc. Sells 9,916 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Calton & Associates Inc. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 65.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,324 shares of the e-commerce giant's stock after selling 9,916 shares during the period. Calton & Associates Inc.'s holdings in Amazon.com were worth $1,168,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AMZN. Marest Capital LLC lifted its stake in Amazon.com by 61.6% in the 4th quarter. Marest Capital LLC now owns 4,136 shares of the e-commerce giant's stock worth $907,000 after acquiring an additional 1,577 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in Amazon.com by 36.8% in the 4th quarter. Mediolanum International Funds Ltd now owns 1,018,962 shares of the e-commerce giant's stock worth $224,942,000 after acquiring an additional 274,026 shares in the last quarter. Penney Financial LLC lifted its stake in Amazon.com by 6.2% in the 4th quarter. Penney Financial LLC now owns 2,759 shares of the e-commerce giant's stock worth $605,000 after acquiring an additional 160 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in Amazon.com by 4.6% in the 4th quarter. Gilbert & Cook Inc. now owns 29,217 shares of the e-commerce giant's stock worth $6,410,000 after acquiring an additional 1,289 shares in the last quarter. Finally, EMC Capital Management lifted its stake in Amazon.com by 1.2% in the 4th quarter. EMC Capital Management now owns 86,735 shares of the e-commerce giant's stock worth $19,029,000 after acquiring an additional 1,000 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $6.30 during trading on Friday, hitting $216.58. 55,147,843 shares of the stock were exchanged, compared to its average volume of 35,339,464. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. The company's fifty day simple moving average is $227.88 and its 200-day simple moving average is $203.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company's stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,852 shares of company stock worth $9,324,151 in the last 90 days. 10.80% of the stock is owned by company insiders.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Amazon.com from $212.00 to $207.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Maxim Group increased their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. The Goldman Sachs Group raised their price target on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Oppenheimer raised their price target on Amazon.com from $230.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $260.74.

About Amazon.com

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.