Invenio Wealth Partners LLC Sells 100 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Invenio Wealth Partners LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,109 shares of the e-commerce giant’s stock after selling 100 shares during the period. Amazon.com comprises about 0.7% of Invenio Wealth Partners LLC’s investment portfolio, making the stock its 26th biggest holding. Invenio Wealth Partners LLC’s holdings in Amazon.com were worth $1,779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Rench Wealth Management Inc. lifted its holdings in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Momentous Wealth Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at $749,000. Segall Bryant & Hamill LLC increased its stake in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after acquiring an additional 39,696 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. Finally, Blankinship & Foster LLC boosted its position in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 3.1 %

NASDAQ AMZN opened at $190.20 on Friday. The firm’s 50-day moving average is $190.94 and its two-hundred day moving average is $207.76. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 34.39, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Raymond James restated an “outperform” rating and set a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Oppenheimer reduced their price objective on Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday. Truist Financial decreased their price objective on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $246.50.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com 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.