Level Financial Advisors Inc. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,278 shares of the e-commerce giant’s stock after selling 363 shares during the quarter. Level Financial Advisors Inc.’s holdings in Amazon.com were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Dohj LLC boosted its holdings in Amazon.com by 1.8% in the third quarter. Dohj LLC now owns 24,839 shares of the e-commerce giant’s stock worth $2,807,000 after acquiring an additional 451 shares in the last quarter. Bassett Hargrove Investment Counsel LLC purchased a new stake in Amazon.com during the third quarter valued at $2,120,000. Obermeyer Wood Investment Counsel Lllp increased its position in Amazon.com by 1.2% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 313,317 shares of the e-commerce giant’s stock valued at $35,405,000 after acquiring an additional 3,840 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Amazon.com by 0.8% during the third quarter. Asset Management One Co. Ltd. now owns 4,185,666 shares of the e-commerce giant’s stock valued at $472,980,000 after acquiring an additional 32,781 shares during the last quarter. Finally, West Coast Financial LLC bought a new stake in Amazon.com during the third quarter valued at about $210,000. 57.64% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
AMZN has been the subject of several recent research reports. Piper Sandler boosted their price target on Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. StockNews.com initiated coverage on Amazon.com in a research note on Thursday, March 16th. They set a “hold” rating for the company. Cowen increased their price target on Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Rosenblatt Securities upped their price objective on Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, February 3rd. Finally, Truist Financial decreased their price objective on Amazon.com from $160.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $144.59.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data 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). The company had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 1.33 earnings per share for the current year.
Insider Buying and Selling at Amazon.com
In related news, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The stock was 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 in the company, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Andrew R. Jassy sold 23,874 shares of the company’s 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 sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the 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 directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,193 shares of company stock worth $7,685,143. Insiders own 12.70% of the company’s stock.
Amazon.com Company Profile
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)
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