jvl associates llc reduced its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,478 shares of the e-commerce giant’s stock after selling 538 shares during the quarter. jvl associates llc’s holdings in Amazon.com were worth $208,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Bridgefront Capital LLC purchased a new position in Amazon.com during the 1st quarter valued at about $228,000. Krane Funds Advisors LLC increased its position in Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC purchased a new position in Amazon.com during the 1st quarter valued at about $258,000. My Personal CFO LLC purchased a new position in Amazon.com during the 1st quarter valued at about $261,000. Finally, Worth Asset Management LLC purchased a new position in Amazon.com during the 1st quarter valued at about $191,000. 57.64% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a research report on Friday, February 3rd. MKM Partners cut their price objective on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 18th. Truist Financial cut their price objective on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. DA Davidson lifted their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the company. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $144.72.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The company had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. During the same period in the previous year, the firm posted $1.39 EPS. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 1.33 EPS for the current fiscal year.
Insider Activity
In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is currently owned by company insiders.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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