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

PrairieView Partners LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,453 shares of the e-commerce giant’s stock after selling 500 shares during the quarter. PrairieView Partners LLC’s holdings in Amazon.com were worth $525,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Register Financial Advisors LLC raised its stake in shares of Amazon.com by 14.3% during the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares in the last quarter. Cherrydale Wealth Management LLC increased its stake in Amazon.com by 14.7% in the 4th 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 in the last quarter. Tompkins Financial Corp increased its stake in Amazon.com by 3.3% in the 4th 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 in the last quarter. Nicholas Company Inc. increased its stake in Amazon.com by 3.9% in the 3rd 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 in the last quarter. Finally, Nordea Investment Management AB increased its stake in Amazon.com by 5.4% in the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after purchasing an additional 277,631 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Wolfe Research raised their price objective on Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of Amazon.com in a report on Wednesday. Canaccord Genuity Group increased their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. UBS Group increased their target price on Amazon.com from $198.00 to $215.00 and gave the company a “buy” rating in a report on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a report on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $205.13.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction 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 filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred 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. Over the last three months, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. Company insiders own 10.30% of the company’s stock.

Amazon.com Stock Up 3.4 %

Shares of Amazon.com stock opened at $179.62 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.87 trillion, a P/E ratio of 61.94, a P/E/G ratio of 1.50 and a beta of 1.16. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The business has a 50-day moving average price of $177.99 and a 200 day moving average price of $158.79.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS 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 company had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal 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.