Locust Wood Capital Advisers LLC reduces its stake in Amazon.com, Inc. (NASDAQ:AMZN)

Locust Wood Capital Advisers LLC has reduced its position in shares of Amazon.com, Inc., according to a recent filing with the Securities and Exchange Commission. (NASDAQ:AMZN – Free Report) up 8.4% in the fourth quarter. The company owned 600,952 shares of the e-commerce giant after selling 54,814 shares during the quarter. Amazon.com makes up about 3.5% of Locust Wood Capital Advisers LLC’s investment portfolio, making it the 11th largest stock. At the end of the last reporting period, the value of Locust Wood Capital Advisers LLC’s shares in Amazon.com was USD 91,309,000.

Several other institutional investors and hedge funds have also made changes to their industry stance. Karpas Strategies LLC increased its position in shares of Amazon.com by 51.3% during the fourth quarter. Karpas Strategies LLC now owns 2,595 shares of the e-commerce giant’s stock valued at $394,000 after purchasing an additional 880 shares in the last quarter. US Asset Management LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $3,568,000. Outfitter Financial LLC increased its position in shares of Amazon.com by 0.5% during the fourth quarter. Outfitter Financial LLC now owns 19,728 shares of the e-commerce giant’s stock valued at $2,997,000 after purchasing an additional 103 shares in the last quarter. Darwin Wealth Management LLC increased its position in shares of Amazon.com by 14.1% during the fourth quarter. Darwin Wealth Management LLC now owns 41,742 shares of the e-commerce giant’s stock valued at $6,342,000 after purchasing an additional 5,152 shares in the last quarter. Finally, GDS Wealth Management increased its position in shares of Amazon.com by 4.7% during the fourth quarter. GDS Wealth Management now owns 107,719 shares of the e-commerce giant’s stock valued at $16,367,000 after purchasing an additional 4,803 shares in the last quarter. Currently, 72.20% of the shares are held by institutional investors.

Amazon.com pricing performance

NASDAQ AMZN shares opened at $182.02 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $191.70. The company’s 50-day moving average price is $182.37 and its 200-day moving average price is $167.05. The company has a market capitalization of $1.89 trillion, a P/E ratio of 50.99, a P/E/G ratio of 1.29 and a beta of 1.15.

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

Wall Street analysts predict growth

Several analysts have commented on AMZN stock recently. Sanford C. Bernstein raised their price target on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Citigroup raised their target price on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Truist Financial raised their price target on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Royal Bank of Canada increased their price target on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One investment 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 company currently has an average rating of “Buy” and an average price target of $211.62.

See our latest analysis on Amazon.com

Insiders place their bets

In other Amazon.com news, 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 sale, the CEO now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other Amazon.com news, 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 sale, the CEO now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the CEO now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 117,894 shares of company stock worth $21,363,909. Corporate 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.

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