Nottingham Advisors Inc. Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Nottingham Advisors Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,599 shares of the e-commerce giant’s stock after selling 262 shares during the quarter. Nottingham Advisors Inc.’s holdings in Amazon.com were worth $790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Vanguard Group Inc. boosted its stake in Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the period. State Street Corp boosted its position in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the period. Geode Capital Management LLC grew its stake in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Norges Bank acquired a new stake in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. Finally, Bank of New York Mellon Corp lifted its stake in Amazon.com by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock worth $14,719,407,000 after acquiring an additional 545,292 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 0.1 %

Shares of NASDAQ AMZN opened at $189.98 on Friday. The stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The firm has a 50-day moving average price of $190.48 and a 200 day moving average price of $207.77. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. Citigroup cut their price objective on shares of Amazon.com from $273.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Piper Sandler reaffirmed an “overweight” rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a report on Friday. Finally, Rosenblatt Securities boosted their target price on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.55.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

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.