Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 555,629 shares of the e-commerce giant’s stock after selling 19,428 shares during the quarter. Amazon.com comprises 1.4% of Beacon Pointe Advisors LLC’s holdings, making the stock its 12th biggest position. Beacon Pointe Advisors LLC’s holdings in Amazon.com were worth $121,899,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMZN. Norges Bank bought a new stake in Amazon.com in the 4th quarter valued at about $27,266,582,000. Capital World Investors lifted its position in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. lifted its position in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC lifted its position in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Finally, Capital International Investors lifted its position in Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.3%

Amazon.com stock opened at $206.16 on Tuesday. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 1.50 and a beta of 1.30. 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, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The firm has a fifty day moving average price of $189.48 and a two-hundred day moving average price of $208.82.

Amazon.com (NASDAQ:AMZN) last released its earnings results 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 firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMZN shares. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on Amazon.com from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. StockNews.com cut Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. The Goldman Sachs Group dropped their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Piper Sandler reissued an “overweight” rating and set a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the company’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 value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, 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 sold a total of 80,081 shares of company stock valued at $17,421,044 in the last quarter. Insiders own 9.70% of the company’s stock.

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.