Verde Servicos Internacionais S.A. Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Verde Servicos Internacionais S.A. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,114 shares of the e-commerce giant’s stock after selling 11,030 shares during the period. Amazon.com comprises approximately 4.3% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 14th largest position. Verde Servicos Internacionais S.A.’s holdings in Amazon.com were worth $7,442,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter worth $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter worth $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter worth $35,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth $40,000. Finally, Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 1.2%

Shares of NASDAQ AMZN opened at $225.02 on Friday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The business’s fifty day moving average price is $209.90 and its 200-day moving average price is $208.49. The stock has a market capitalization of $2.39 trillion, a PE ratio of 36.65, a P/E/G ratio of 1.69 and a beta of 1.33.

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

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president owned 47,030 shares of the company’s stock, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. Company insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on AMZN. Deutsche Bank Aktiengesellschaft cut their price target on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Citizens Jmp assumed coverage on shares of Amazon.com in a research note on Thursday. They issued a “strong-buy” rating on the stock. Cantor Fitzgerald lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Moffett Nathanson lifted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Finally, UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $249.42.

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.