UNIVEST FINANCIAL Corp owns shares of Amazon.com, Inc. worth $8.85 million (NASDAQ:AMZN)

UNIVEST FINANCIAL Corp has lowered its position in Amazon.com, Inc., according to its latest Form 13F filing with the Securities and Exchange Commission. (NASDAQ:AMZN) up 1.9% in the fourth quarter. The fund owned 58,219 shares of the e-commerce giant after selling 1,107 shares during the period. Amazon.com accounts for 2.6% of UNIVEST FINANCIAL Corp’s portfolio, making it the sixth largest company. At the end of the last quarter, the value of UNIVEST FINANCIAL Corp’s shares in Amazon.com was $8,846,000.

Several other institutional investors have also recently adjusted their holdings in AMZN. Vanguard Group Inc. in the third quarter, it increased its position on Amazon.com by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. In the third quarter, FMR LLC increased its position on Amazon.com by 7.7%. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Northern Trust Corp increased its position on Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Jennison Associates LLC raised its position on Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. Finally, in the third quarter, Charles Schwab Investment Management Inc. increased its position on Amazon.com by 2.8%. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares in the last quarter. Institutional investors hold 72.20% of the company’s shares.

Amazon.com sales decreased by 0.2%

Shares of NASDAQ:AMZN opened at $180.75 on Tuesday. Amazon.com, Inc. it has a 52-week low of $114.31 and a 52-week high of $191.70. The company has a market capitalization of $1.88 trillion, a P/E ratio of 50.63, a price-to-earnings ratio of 1.29 and a beta of 1.15. The company has a 50-day simple moving average of $182.16 and a 200-day simple moving average of $166.67. The company has a debt to equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the consensus estimate of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the company saw an EPS of $0.31. Amazon.com revenues increased 12.5% year-over-year. Sell-side analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages commented on AMZN. Truist Financial increased their target price on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Benchmark maintained a “buy” rating and set a price target for Amazon.com stock at $200.00 in a research report on Wednesday, May 1. Wolfe Research raised their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. JMP Securities maintained a market outperform rating and set a price target for shares of Amazon.com at $225.00 in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-four issued a buy rating, and one gave a strong buy rating to the company’s shares. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $211.62.

See our latest stock analysis on Amazon.com

Confidential activity on Amazon.com

In other Amazon.com news, CEO Jonathan Rubinstein sold 5,556 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of USD 180.00, for a total transaction amount of USD 1,000,080.00. Following the completion of the sale, the director now directly owns 109,664 shares of the company’s stock valued at $19,739,520. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Jonathan Rubinstein sold 5,556 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of USD 180.00, for a total transaction amount of USD 1,000,080.00. Following the completion of the sale, the director now directly owns 109,664 shares of the company’s stock valued at $19,739,520. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Additionally, 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 transaction amount of $9,000,000.00. Following the sale, the CEO now owns 1,994,182 shares of the company’s stock valued at $358,952,760. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 117,894 shares of company stock worth $21,363,909. Insiders own 10.80% of the company’s shares.

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Amazon.com sales decreased by 0.2%

Analyst Upgrades and Downgrades

Confidential activity on Amazon.com

Amazon.com profile

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