Cary Street Partners Investment Advisory LLC Sells 173,433 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cary Street Partners Investment Advisory LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 99.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 615 shares of the e-commerce giant’s stock after selling 173,433 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Amazon.com were worth $93,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. PayPay Securities Corp raised its holdings in Amazon.com by 54.3% during the 3rd 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. raised 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 last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $43,000. Harbor Investment Advisory LLC raised its holdings in shares of Amazon.com by 0.7% in the fourth 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 stake in shares of Amazon.com in the third quarter valued at approximately $49,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the transaction, the chief executive officer now owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Adam Selipsky sold 500 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,320 shares of company stock valued at $12,722,720. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMZN. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Roth Mkm reiterated a “buy” rating and issued a $210.00 price objective (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Moffett Nathanson restated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Finally, Truist Financial boosted their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $211.62.

Get Our Latest Stock Report on Amazon.com

Amazon.com Stock Down 0.2 %

Shares of NASDAQ AMZN opened at $183.15 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 51.30, a PEG ratio of 1.34 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $113.78 and a 12 month high of $191.70. The stock has a 50-day moving average price of $181.73 and a two-hundred day moving average price of $165.54.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its 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 firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Amazon.com Profile

(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.

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

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