Latitude Advisors LLC Sells 111 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Latitude Advisors LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,980 shares of the e-commerce giant’s stock after selling 111 shares during the period. Amazon.com makes up approximately 1.8% of Latitude Advisors LLC’s portfolio, making the stock its 8th largest position. Latitude Advisors LLC’s holdings in Amazon.com were worth $2,580,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp raised its position in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Amazon.com in the fourth quarter valued at about $57,000. Authentikos Wealth Advisory LLC purchased a new position in Amazon.com during the third quarter worth about $49,000. Finally, AM Squared Ltd acquired a new stake in shares of Amazon.com during the third quarter valued at about $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.3 %

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

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction dated Wednesday, February 7th. The shares were 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 of the company’s stock, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on AMZN shares. Bank of America upped their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Susquehanna upped their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Piper Sandler lifted their price objective on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Robert W. Baird increased their target price on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada raised their target price on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Buy” and a consensus price target of $211.62.

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.