Amazon.com, Inc. (NASDAQ:AMZN) Shares sold by Baron Silver Stevens Financial Advisors LLC

Baron Silver Stevens Financial Advisors LLC reduced its stake in Amazon.com, Inc., according to its latest 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMZN – Free Report) up 10.9% in the fourth quarter. The fund owned 10,899 shares of the e-commerce giant after selling 1,328 shares during the period. At the end of the last reporting period, the value of Baron Silver Stevens Financial Advisors LLC’s shares in Amazon.com was USD 1,656,000.

Other hedge funds have also recently made changes to their positions at the company. Vanguard Group Inc. increased its position in Amazon.com shares by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. FMR LLC increased its position in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Northern Trust Corp increased its position in shares of Amazon.com by 3.7% during 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 acquiring an additional 3,260,411 shares in the last quarter. Jennison Associates LLC increased its position in shares of Amazon.com by 2.5% during the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after acquiring an additional 1,389,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock valued at $7,888,870,000 after acquiring an additional 1,525,922 shares in the last quarter. Institutional investors and hedge funds hold 72.20% of the company’s shares.

A Wall Street analyst weighs in

AMZN has been the subject of several research reports. Loop Capital raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” in a report on Monday, May 6. Evercore ISI increased their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. The Goldman Sachs Group raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” in a report on Wednesday, May 1. Wells Fargo & Company raised their target price on shares of Amazon.com from $217.00 to $234.00 and gave the stock an “overperform” rating in a report on Wednesday, May 1st. Finally, Roth Mkm reiterated a “buy” rating on shares of Amazon.com and set a $210.00 price target (up from $205.00) for shares of Amazon.com in a report on Wednesday, May 1st. One 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $212.40.

See our latest report on Amazon.com

Amazon.com sales decreased by 1.6%

Amazon.com stock opened Friday at $176.44. 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. 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 company’s fifty-day moving average price is $182.34 and its two-hundred-day moving average price is $167.37. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly 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. The company’s revenue for the quarter was $143.31 billion, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% ​​year-over-year. During the same quarter last year, the company saw an EPS of $0.31. On average, analysts expect Amazon.com, Inc. will see 4.72 EPS for the current year.

Insider buying and selling on Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction 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 sale, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction 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 sale, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO Andrew R. Jassy sold 50,000 shares of the company’s stock on Monday, March 4, as part of a transaction. The shares were sold at an average price of USD 180.00, for a total transaction amount of USD 9,000,000.00. Following the completion of the sale, the CEO now owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. 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. Currently, 10.80% of the shares are owned by company 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.

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