Amazon.com, Inc. (NASDAQ:AMZN) Position Cut by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 175,014 shares of the e-commerce giant’s stock after selling 7,548 shares during the quarter. Amazon.com comprises 1.7% of Dynamic Advisor Solutions LLC’s investment portfolio, making the stock its 8th biggest holding. Dynamic Advisor Solutions LLC’s holdings in Amazon.com were worth $38,396,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC grew its stake in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after buying an additional 6,545,944 shares during the last quarter. Legal & General Group Plc grew its stake in Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Amazon.com by 3.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock worth $10,776,201,000 after buying an additional 1,984,592 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Amazon.com by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock worth $10,678,217,000 after buying an additional 1,980,663 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value 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 $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,850 shares of company stock valued at $6,168,581 over the last quarter. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore ISI increased their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Sanford C. Bernstein increased their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Barclays increased their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Truist Financial increased their price objective on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Price Performance

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

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal 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.