Visionary Horizons LLC Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Visionary Horizons LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 67.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,495 shares of the e-commerce giant’s stock after selling 3,123 shares during the quarter. Visionary Horizons LLC’s holdings in Amazon.com were worth $284,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new position in Amazon.com during the fourth quarter valued at $800,000. Capital & Planning LLC grew its position in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after purchasing an additional 1,635 shares during the period. LaFleur & Godfrey LLC grew its position in Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC raised its stake in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Amazon.com in the 4th quarter valued at about $301,650,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $217.12 on Friday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a 50-day moving average price of $201.25 and a 200 day moving average price of $209.02. The company has a market cap of $2.31 trillion, a P/E ratio of 35.36, a PEG ratio of 1.60 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period last year, the firm earned $0.98 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on AMZN. Deutsche Bank Aktiengesellschaft dropped their target price on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Truist Financial dropped their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada cut their price objective on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $245.64.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is owned by corporate insiders.

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.