Hudson Value Partners LLC Sells 526 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hudson Value Partners LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,281 shares of the e-commerce giant’s stock after selling 526 shares during the quarter. Amazon.com comprises about 1.4% of Hudson Value Partners LLC’s investment portfolio, making the stock its 26th biggest holding. Hudson Value Partners LLC’s holdings in Amazon.com were worth $3,081,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its holdings in Amazon.com by 0.7% in the third quarter. Venturi Wealth Management LLC now owns 39,922 shares of the e-commerce giant’s stock worth $5,075,000 after acquiring an additional 263 shares in the last quarter. Trivant Custom Portfolio Group LLC boosted its stake in Amazon.com by 3.8% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 28,134 shares of the e-commerce giant’s stock worth $3,576,000 after purchasing an additional 1,040 shares in the last quarter. Echo45 Advisors LLC grew its position in Amazon.com by 4.6% during the 3rd quarter. Echo45 Advisors LLC now owns 6,340 shares of the e-commerce giant’s stock valued at $806,000 after purchasing an additional 277 shares during the last quarter. California Public Employees Retirement System increased its stake in Amazon.com by 2.7% during the 3rd quarter. California Public Employees Retirement System now owns 17,321,853 shares of the e-commerce giant’s stock valued at $2,201,954,000 after purchasing an additional 451,778 shares in the last quarter. Finally, Clarkston Capital Partners LLC raised its holdings in Amazon.com by 2.5% in the third quarter. Clarkston Capital Partners LLC now owns 12,385 shares of the e-commerce giant’s stock worth $1,574,000 after buying an additional 300 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Evercore ISI increased their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Citigroup boosted their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Piper Sandler lifted their price objective on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Finally, Loop Capital upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $213.82.

Check Out Our Latest Stock Analysis on AMZN

Amazon.com Price Performance

AMZN stock opened at $184.30 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company’s fifty day moving average price is $182.53 and its 200-day moving average price is $168.66. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $191.70. The company has a market capitalization of $1.92 trillion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the sale, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,838 shares of company stock valued at $11,984,344. Insiders own 10.80% of the company’s stock.

About Amazon.com

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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