Greenleaf Trust Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Greenleaf Trust decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 471,005 shares of the e-commerce giant’s stock after selling 7,103 shares during the period. Amazon.com comprises about 0.8% of Greenleaf Trust’s portfolio, making the stock its 9th largest holding. Greenleaf Trust’s holdings in Amazon.com were worth $71,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. PayPay Securities Corp increased its position in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com in the 4th quarter worth about $43,000. Harbor Investment Advisory LLC lifted its position in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new position in Amazon.com during the 3rd quarter valued at about $49,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on AMZN. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Loop Capital lifted their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday. Oppenheimer increased their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Truist Financial lifted their price objective on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Robert W. Baird increased their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $211.62.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 14,300 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $175.00, for a total value of $2,502,500.00. Following the completion of the sale, the chief executive officer now directly owns 499,831 shares in the company, valued at $87,470,425. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 14,300 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $175.00, for a total value of $2,502,500.00. Following the completion of the sale, the chief executive officer now directly owns 499,831 shares in the company, valued at approximately $87,470,425. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $173.27, for a total transaction of $1,039,420,566.23. Following the completion of the transaction, the insider now directly owns 964,256,421 shares in the company, valued at approximately $167,076,710,066.67. The disclosure for this sale can be found here. Insiders have sold a total of 20,187,979 shares of company stock worth $3,440,575,337 in the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN opened at $189.50 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1 year low of $108.05 and a 1 year high of $191.70. The stock has a fifty day moving average price of $179.90 and a 200 day moving average price of $161.81. The stock has a market cap of $1.97 trillion, a price-to-earnings ratio of 53.08, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. Analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Amazon.com 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.