Amazon.com, Inc. (NASDAQ:AMZN) Share position reduced by VisionPoint Advisory Group LLC

According to the latest 13F filing with the Securities and Exchange Commission, VisionPoint Advisory Group LLC reduced its holdings in Amazon.com, Inc. shares. (NASDAQ:AMZN) up 9.9% in the fourth quarter. The institutional investor owned 8,783 shares of the e-commerce giant after selling 960 shares during the quarter. At the end of the last reporting period, the value of VisionPoint Advisory Group LLC’s shares in Amazon.com was USD 1,334,000.

Other large investors also modified their holdings in the company. Members Trust Co increased its holdings in shares of Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after acquiring an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased its position in shares of Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp increased its position in shares of Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares during the period. Nicholas Company Inc. increased its position in Amazon.com shares by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the period. 72.20% of the shares are in the hands of institutional investors.

Changes in analyst ratings

Several analysts have commented on AMZN stock recently. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price target for shares of Amazon.com in a research report on Wednesday, May 15. Mizuho increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Truist Financial increased their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” in a report on Wednesday, May 1st. Finally, Maxim Group lowered their target price on Amazon.com from $318.00 to $238.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One analyst rated the company’s shares with a hold rating, forty-four gave a buy rating and one gave a strong buy rating to the company’s shares. Based on data from MarketBeat.com, the average rating for the stock is “Buy” and the average price target is $212.40.

View our latest stock report on Amazon.com

Amazon.com shares fell 1.6%

AMZN stock opened at $176.44 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company’s 50-day simple moving average is $182.34 and its 200-day simple moving average is $167.37. The company has a market capitalization of $1.84 trillion, a PE ratio of 49.42, a price-to-earnings growth ratio of 1.30 and a beta of 1.15. Amazon.com, Inc. it has a twelve month low of $118.35 and a twelve month 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 earnings per share of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. The company’s revenue for the quarter was $143.31 billion, 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%. The company’s quarterly revenues increased by 12.5% year-on-year. During the same period last year, the company earned $0.31 per share. Analysts predict that on average this year, Amazon.com, Inc. will record 4.72 earnings per share.

Insider buying and selling on Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of Amazon.com stock in a transaction that occurred on Monday, March 4. 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 directly owns 1,994,182 shares of the company’s stock valued at $358,952,760. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. In other news, VP Shelley Reynolds sold 2,700 shares of the company’s 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 transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through 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 value of $9,000,000.00. Following the closing of the transaction, the CEO now directly 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. Currently, 10.80% of the shares are owned by corporate insiders.

Amazon.com company 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.

Changes in analyst ratings

Amazon.com shares fell 1.6%

Insider buying and selling on Amazon.com

Amazon.com company profile

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