West Bancorporation Inc. Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

West Bancorporation Inc. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,336 shares of the e-commerce giant’s stock after selling 108 shares during the quarter. West Bancorporation Inc.’s holdings in Amazon.com were worth $659,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AMZN. PayPay Securities Corp grew its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $57,000. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com during the third quarter worth approximately $49,000. Finally, AM Squared Ltd acquired a new position in Amazon.com during the third quarter worth $76,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 3.4 %

Shares of NASDAQ AMZN opened at $179.62 on Monday. The business has a 50-day moving average of $177.99 and a two-hundred day moving average of $158.98. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 61.94, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share 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 return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. On average, analysts forecast that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on AMZN shares. Wolfe Research lifted their price target on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Citigroup lifted their target price on shares of Amazon.com from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Piper Sandler increased their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Robert W. Baird upped their price objective on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Maxim Group started coverage on Amazon.com in a research report on Wednesday, April 17th. They set a “buy” rating and a $218.00 price objective for the company. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $205.13.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.30% of the stock is currently owned by insiders.

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.