West Family Investments Inc. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 60.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,588 shares of the e-commerce giant’s stock after selling 11,708 shares during the quarter. West Family Investments Inc.’s holdings in Amazon.com were worth $637,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in AMZN. McElhenny Sheffield Capital Management LLC bought a new stake in Amazon.com in the fourth quarter valued at $27,000. St. James Investment Advisors LLC boosted its holdings in Amazon.com by 97.7% in the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Retirement Financial Solutions LLC bought a new stake in Amazon.com in the fourth quarter valued at $32,000. Laurel Wealth Planning LLC lifted its position in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. Finally, Swaine & Leidel Wealth Services LLC purchased a new position in Amazon.com during the first quarter valued at $38,000. 57.64% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total transaction of $230,681.66. Following the transaction, the chief executive officer now owns 138,320 shares in the company, valued at $13,879,028.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Amazon.com news, CFO Brian T. Olsavsky sold 16,800 shares of Amazon.com stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $116.69, for a total value of $1,960,392.00. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at $5,717,810. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the completion of the sale, the chief executive officer now owns 138,320 shares in the company, valued at approximately $13,879,028.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 75,144 shares of company stock worth $8,405,887. 12.30% of the stock is owned by corporate insiders.
Amazon.com Trading Down 1.5 %
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The e-commerce giant reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm had revenue of $127.36 billion for the quarter, compared to the consensus estimate of $124.57 billion. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 1.57 EPS for the current year.
Analyst Upgrades and Downgrades
AMZN has been the subject of several recent research reports. JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of Amazon.com in a research report on Wednesday, April 19th. Truist Financial raised their price objective on Amazon.com from $142.00 to $144.00 in a research report on Wednesday, April 12th. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 price objective on shares of Amazon.com in a research report on Thursday, April 20th. StockNews.com initiated coverage on Amazon.com in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Oppenheimer lowered their price target on Amazon.com from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. Three research analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.
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.
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
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