Vishria Bird Financial Group LLC Sells 411 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Vishria Bird Financial Group LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 74,863 shares of the e-commerce giant’s stock after selling 411 shares during the period. Amazon.com comprises about 5.8% of Vishria Bird Financial Group LLC’s investment portfolio, making the stock its 4th biggest holding. Vishria Bird Financial Group LLC’s holdings in Amazon.com were worth $16,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the period. Parnassus Investments LLC lifted its position in shares of Amazon.com by 82,457.3% in the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp boosted its holdings in shares of Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC grew its position in Amazon.com by 3.4% during the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Finally, Wulff Hansen & CO. grew its position in Amazon.com by 20,517.4% during the second quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock valued at $750,646,000 after purchasing an additional 3,865,485 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,850 shares of company stock valued at $6,168,581 over the last quarter. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Royal Bank of Canada increased their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Stifel Nicolaus raised their price target on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $228.93 on Thursday. The firm has a market capitalization of $2.43 trillion, a PE ratio of 41.40, a PEG ratio of 1.36 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business’s 50 day moving average is $227.77 and its 200-day moving average is $201.59.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Sell-side analysts predict that Amazon.com, Inc. will post 6.24 earnings per share for the current 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.