Indie Asset Partners LLC Sells 90 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Indie Asset Partners LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,735 shares of the e-commerce giant’s stock after selling 90 shares during the period. Amazon.com comprises about 1.2% of Indie Asset Partners LLC’s holdings, making the stock its 12th largest position. Indie Asset Partners LLC’s holdings in Amazon.com were worth $1,327,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp grew its position in shares of 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 buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 worth $42,000 after purchasing an additional 86 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in shares of Amazon.com during the third quarter valued at approximately $49,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $57,000. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares in the company, valued at $23,688,228. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,889,146 in the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 0.7 %

AMZN opened at $180.96 on Tuesday. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 62.40, a price-to-earnings-growth ratio of 1.55 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. The firm’s fifty day moving average is $178.22 and its 200 day moving average is $159.32. Amazon.com, Inc. has a fifty-two week low of $101.15 and a fifty-two week high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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 business had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period last year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $190.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Evercore ISI upped their price target on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Robert W. Baird raised their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. The Goldman Sachs Group upped their target price on shares of Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, JMP Securities reissued a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $205.13.

About Amazon.com

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.