River Street Advisors LLC Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

River Street Advisors LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,159 shares of the e-commerce giant’s stock after selling 190 shares during the quarter. River Street Advisors LLC’s holdings in Amazon.com were worth $1,240,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp grew its holdings in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Harbor Investment Advisory LLC increased its position in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com during the third quarter worth about $49,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Amazon.com in the 4th quarter valued at about $57,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,217,010 shares of company stock worth $5,506,442,301. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 0.8 %

AMZN opened at $186.21 on Friday. Amazon.com, Inc. has a one year low of $103.31 and a one year high of $189.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The stock has a market capitalization of $1.93 trillion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15. The business’s 50-day simple moving average is $178.79 and its 200-day simple moving average is $159.95.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the business posted $0.31 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 4.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler upped their price target on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI raised their price objective on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday. Susquehanna upped their target price on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $211.07.

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.