Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Decreased by Tsai Capital Corp

Tsai Capital Corp lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,602 shares of the e-commerce giant’s stock after selling 328 shares during the quarter. Amazon.com accounts for about 4.6% of Tsai Capital Corp’s portfolio, making the stock its 5th largest position. Tsai Capital Corp’s holdings in Amazon.com were worth $6,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Accordant Advisory Group Inc lifted its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc acquired a new position in shares of Amazon.com during the 4th quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Truist Financial lowered their price objective on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. DA Davidson lowered their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Raymond James reissued an “outperform” rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Finally, The Goldman Sachs Group reduced their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $246.73.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $187.70 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.99 trillion, a P/E ratio of 33.94, a PEG ratio of 1.50 and a beta of 1.39. The company has a 50-day moving average of $192.74 and a two-hundred day moving average of $208.04. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.