Tandem Investment Advisors Inc. Sells 343 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Tandem Investment Advisors Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,936 shares of the e-commerce giant’s stock after selling 343 shares during the period. Tandem Investment Advisors Inc.’s holdings in Amazon.com were worth $368,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMZN shares. Truist Financial lifted their price target on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. BMO Capital Markets lifted their price target on Amazon.com from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. The Goldman Sachs Group reduced their price target on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Bank of America boosted their price objective on Amazon.com from $248.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $254.71.

Amazon.com Stock Up 0.6%

Shares of AMZN stock opened at $232.79 on Tuesday. The stock has a 50 day moving average of $216.19 and a 200-day moving average of $208.82. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.47 trillion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released 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. 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 during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 25,102,037 shares of company stock valued at $5,674,871,223 in the last three months. 10.80% of the stock is owned by company insiders.

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.