Amazon.com, Inc. (NASDAQ:AMZN) Position trimmed by Wrapmanager Inc.

According to its latest 13F filing with the Securities and Exchange Commission (SEC), Wrapmanager Inc. decreased its stake in Amazon.com, Inc. shares. (NASDAQ:AMZN) up 0.4% in the fourth quarter. The institutional investor owned 50,634 shares of the e-commerce giant after selling 219 shares during the quarter. Amazon.com represents 2.3% of Wrapmanager Inc.’s investment portfolio, making it its sixth-largest holding. According to its most recent filing with the SEC, shares of Wrapmanager Inc. on Amazon.com they were worth $7,693,000.

Several other institutional investors and hedge funds also recently bought and sold AMZN stock. Capital Advantage Inc. in the third quarter, it increased its stake in Amazon.com shares by 3.0%. Capital Advantage Inc. now owns 12,636 shares of the e-commerce giant’s stock worth $1,606,000 after purchasing an additional 365 shares in the last quarter. Marks Group Wealth Management Inc increased its holdings in shares of Amazon.com by 0.7% in the third quarter. Marks Group Wealth Management Inc now owns 31,367 shares of the e-commerce giant’s stock valued at $3,987,000 after purchasing an additional 216 shares in the last quarter. Meritage Portfolio Management increased its holdings in shares of Amazon.com by 263.7% in the 3rd quarter. Meritage Portfolio Management now owns 133,350 shares of the e-commerce giant’s stock valued at $16,951,000 after purchasing an additional 96,681 shares in the last quarter. Abundance Wealth Counselors purchased a new stake in shares of Amazon.com during the third quarter worth approximately $3,155,000. Finally, Waycross Investment Management Co bought a new stake in shares of Amazon.com during the third quarter worth approximately $201,000. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMZN. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt increased their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Piper Sandler increased their price target on Amazon.com from $205.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Telsey Advisory Group increased their target price on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Rosenblatt Securities maintained a “buy” rating on shares of Amazon.com and set a $220.00 target price for shares of Amazon.com in a research report on Wednesday, May 1st. One investment analyst has rated the company with a hold rating, forty-four have issued a buy rating to the company and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $212.40.

See our latest stock analysis on AMZN

Amazon.com sales decreased by 1.5%

On Friday, NASDAQ AMZN opened at $179.32. The company has a market capitalization of $1.87 trillion, a P/E ratio of 50.23, a P/E/G ratio of 1.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock’s 50-day moving average is $182.39 and its 200-day moving average is $167.14. Amazon.com, Inc. it has a 1-year low of $118.35 and a 1-year high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped analyst consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for 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%. Amazon.com’s quarterly revenue increased 12.5% ​​year-over-year. During the same period last year, the company earned $0.31 per share. Sell-side analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current financial year.

Insider buying and selling on Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44 for a total transaction of $3,771,048.96. Following the completion of the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44 for a total transaction of $3,771,048.96. Following the completion of the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in a legal filing with the SEC, available on the SEC’s website. Additionally, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The announcement of this sale can be found here. Over the last ninety days, insiders have sold a total of 117,894 shares of company stock worth $21,363,909. Currently, 10.80% of the shares are owned by corporate insiders.

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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