Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Narus Financial Partners LLC

Narus Financial Partners LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 12.6% during the 4th quarter, Holdings Channel reports. The firm owned 6,525 shares of the e-commerce giant’s stock after selling 940 shares during the quarter. Narus Financial Partners LLC’s holdings in Amazon.com were worth $991,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. PayPay Securities Corp increased its holdings in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $57,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Amazon.com during the third quarter worth about $49,000. Finally, AM Squared Ltd acquired a new position in shares of Amazon.com during the 3rd quarter worth about $76,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last three months. 10.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AMZN shares. Maxim Group began coverage on Amazon.com in a report on Wednesday, April 17th. They issued a “buy” rating and a $218.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Needham & Company LLC reiterated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. DA Davidson restated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Finally, Mizuho lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus target price of $205.13.

Amazon.com Stock Down 1.7 %

Amazon.com stock opened at $173.67 on Friday. The company has a market capitalization of $1.80 trillion, a PE ratio of 59.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. 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 fifty-two week low of $101.15 and a fifty-two week high of $189.77. The firm has a 50 day moving average price of $177.79 and a 200 day moving average price of $158.23.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Amazon.com 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.