Moser Wealth Advisors LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,070 shares of the e-commerce giant’s stock after selling 650 shares during the period. Amazon.com accounts for about 4.3% of Moser Wealth Advisors LLC’s investment portfolio, making the stock its 7th largest position. Moser Wealth Advisors LLC’s holdings in Amazon.com were worth $5,718,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC boosted its stake in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after purchasing an additional 90,167,792 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Amazon.com by 1,944.4% during the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock worth $6,370,223,000 after purchasing an additional 57,043,701 shares during the last quarter. 57.64% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AMZN has been the topic of several analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of Amazon.com in a research note on Thursday, March 16th. Telsey Advisory Group decreased their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 24th. Truist Financial decreased their target price 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. Wedbush decreased their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. Finally, Credit Suisse Group raised their target price on shares of Amazon.com from $142.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, January 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.72.
Amazon.com Stock Down 1.9 %
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $145.72 billion. During the same period in the previous year, the business posted $1.39 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 1.33 earnings per share for the current fiscal year.
Insider Transactions at Amazon.com
In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s 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 completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the transaction, the chief executive officer now directly owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is currently owned by corporate 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.
Further Reading
- Get a free copy of the StockNews.com research report on Amazon.com (AMZN)
- What is the Consumer Staples Sector?
- What is a Consumer Staples Index Fund?
- Bitcoin Might Better Than Bitcoin Stocks and ETFs,
- GameStop Shares Surge On Surprise Profit
- Nike, Inc’s Q3 Surprise Isn’t All That Surprising: Is It A Buy?
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Get Rating).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
