Amazon.com, Inc. (NASDAQ:AMZN) is Banco Bilbao Vizcaya Argentaria S.A.’s 5th Largest Position

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,552,295 shares of the e-commerce giant’s stock after selling 173,467 shares during the period. Amazon.com accounts for approximately 3.6% of Banco Bilbao Vizcaya Argentaria S.A.’s holdings, making the stock its 5th biggest position. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Amazon.com were worth $342,127,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AMZN. Burling Wealth Partners LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at about $23,636,000. Syon Capital LLC grew its position in shares of Amazon.com by 29.6% during the fourth quarter. Syon Capital LLC now owns 57,316 shares of the e-commerce giant’s stock valued at $12,575,000 after purchasing an additional 13,101 shares in the last quarter. Tenere Capital LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at about $22,093,000. Coppell Advisory Solutions LLC grew its position in shares of Amazon.com by 298.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 96,906 shares of the e-commerce giant’s stock valued at $21,506,000 after purchasing an additional 72,586 shares in the last quarter. Finally, Beck Capital Management LLC grew its position in shares of Amazon.com by 3.0% during the fourth quarter. Beck Capital Management LLC now owns 49,660 shares of the e-commerce giant’s stock valued at $10,895,000 after purchasing an additional 1,431 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now directly owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,798 shares of company stock worth $17,696,733 in the last 90 days. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMZN. Truist Financial cut 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. Wells Fargo & Company dropped their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Cantor Fitzgerald lifted their price target on Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, JMP Securities reiterated a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.09.

Amazon.com Trading Up 0.2%

Shares of Amazon.com stock opened at $205.59 on Friday. The firm has a 50-day simple moving average of $189.33 and a two-hundred day simple moving average of $208.61. The company has a market cap of $2.18 trillion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.