Vienna Asset Management LLC Sells 128 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Vienna Asset Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the third quarter, Holdings Channel reports. The fund owned 4,198 shares of the e-commerce giant’s stock after selling 128 shares during the period. Amazon.com comprises approximately 1.3% of Vienna Asset Management LLC’s investment portfolio, making the stock its 14th biggest position. Vienna Asset Management LLC’s holdings in Amazon.com were worth $474,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMZN. Bridgefront Capital LLC bought a new position in shares of Amazon.com in the first quarter worth about $228,000. Krane Funds Advisors LLC raised its stake in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after buying an additional 55 shares during the period. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter worth about $258,000. My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter worth about $261,000. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $191,000. Institutional investors own 57.64% of the company’s stock.

Insider Activity

In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is currently owned by company insiders.

Amazon.com Trading Down 1.6 %

Shares of NASDAQ AMZN opened at $90.73 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $95.85 and a two-hundred day simple moving average of $102.99. The firm has a market cap of $929.73 billion, a PE ratio of -338.53, a price-to-earnings-growth ratio of 3.87 and a beta of 1.25. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. Analysts expect that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AMZN. Tigress Financial reaffirmed a “buy” rating and issued a $192.00 price objective on shares of Amazon.com in a research note on Thursday, February 9th. JPMorgan Chase & Co. increased their target price on Amazon.com from $130.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Evercore ISI increased their target price on Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Oppenheimer increased their target price on Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Finally, Susquehanna increased their target price on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.