Amazon.com, Inc. (NASDAQ:AMZN) Stake Reduced by Americana Partners LLC

Americana Partners LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,398 shares of the e-commerce giant’s stock after selling 8,892 shares during the quarter. Amazon.com comprises approximately 1.7% of Americana Partners LLC’s investment portfolio, making the stock its 10th biggest position. Americana Partners LLC’s holdings in Amazon.com were worth $18,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital City Trust Co. FL raised its holdings in shares of Amazon.com by 1.5% in the 3rd quarter. Capital City Trust Co. FL now owns 53,923 shares of the e-commerce giant’s stock valued at $6,855,000 after buying an additional 771 shares during the period. Essex Savings Bank increased its stake in Amazon.com by 2.8% during the third quarter. Essex Savings Bank now owns 26,332 shares of the e-commerce giant’s stock worth $3,347,000 after purchasing an additional 706 shares during the period. Geometric Wealth Advisors lifted its position in shares of Amazon.com by 2.4% during the third quarter. Geometric Wealth Advisors now owns 6,695 shares of the e-commerce giant’s stock worth $851,000 after purchasing an additional 155 shares in the last quarter. BCS Wealth Management acquired a new stake in shares of Amazon.com during the third quarter worth about $1,335,000. Finally, Northwest Investment Counselors LLC boosted its stake in shares of Amazon.com by 0.6% in the third quarter. Northwest Investment Counselors LLC now owns 23,131 shares of the e-commerce giant’s stock valued at $2,940,000 after purchasing an additional 146 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last quarter. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. TD Cowen upped their target price on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Wednesday. Truist Financial lifted their target price on Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Monness Crespi & Hardt upped their price target on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Citigroup increased their price target on Amazon.com from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average target price of $204.76.

Amazon.com Stock Performance

Shares of AMZN opened at $176.59 on Thursday. The stock has a market capitalization of $1.83 trillion, a P/E ratio of 60.89, a P/E/G ratio of 1.54 and a beta of 1.16. The company’s fifty day moving average is $177.71 and its two-hundred day moving average is $158.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. Amazon.com’s quarterly revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

About Amazon.com

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.