Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Goodman Advisory Group LLC

Goodman Advisory Group LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,424 shares of the e-commerce giant’s stock after selling 14,425 shares during the period. Amazon.com accounts for approximately 1.7% of Goodman Advisory Group LLC’s portfolio, making the stock its 20th biggest holding. Goodman Advisory Group LLC’s holdings in Amazon.com were worth $4,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Members Trust Co grew its holdings in shares of Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after buying an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC boosted its position in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares during the last quarter. Tompkins Financial Corp grew 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 worth $10,875,000 after acquiring an additional 2,273 shares during the period. Nicholas Company Inc. raised its holdings 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 acquiring an additional 26,465 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Amazon.com by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was 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 approximately $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is owned by insiders.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ AMZN opened at $188.70 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.96 trillion, a PE ratio of 52.86, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The firm’s 50-day moving average is $179.29 and its 200-day moving average is $161.18. Amazon.com, Inc. has a 1 year low of $104.70 and a 1 year high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. Equities analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Truist Financial lifted their price target on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Oppenheimer upped their price objective on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, Maxim Group reduced their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $211.62.

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.