Financial Management Network Inc. Sells 426 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Financial Management Network Inc. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,705 shares of the e-commerce giant’s stock after selling 426 shares during the quarter. Amazon.com makes up about 1.2% of Financial Management Network Inc.’s investment portfolio, making the stock its 21st biggest position. Financial Management Network Inc.’s holdings in Amazon.com were worth $4,169,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AMZN. State Street Corp raised its stake in shares of Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC raised its stake in shares of Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in Amazon.com by 120,235.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after buying an additional 116,383,502 shares during the last quarter. Finally, Norges Bank bought a new position in Amazon.com during the fourth quarter worth $8,263,591,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,214,010 shares of company stock valued at $5,505,874,846. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $183.62 on Tuesday. The firm has a market cap of $1.91 trillion, a price-to-earnings ratio of 63.32, a P/E/G ratio of 1.62 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The firm’s 50-day simple moving average is $176.60 and its two-hundred day simple moving average is $155.79.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. TD Cowen lifted their target price on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC lifted their target price on shares of Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada lifted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Piper Sandler lifted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Susquehanna raised their price target on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $201.43.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.