Tevis Investment Management reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,038 shares of the e-commerce giant’s stock after selling 169 shares during the period. Tevis Investment Management’s holdings in Amazon.com were worth $339,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Bridgefront Capital LLC acquired a new position in Amazon.com during the first quarter valued at approximately $228,000. Krane Funds Advisors LLC lifted its position in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after buying an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $191,000. 57.64% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AMZN has been the subject of a number of recent analyst reports. Rosenblatt Securities raised 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. Benchmark increased their target price on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. DA Davidson raised their price objective on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. JMP Securities restated a “market outperform” rating and set a $140.00 price objective on shares of Amazon.com in a research note on Wednesday, April 19th. Finally, Truist Financial raised their price objective on Amazon.com from $142.00 to $144.00 in a research note on Wednesday, April 12th. Three analysts have rated the stock with a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $143.75.
Amazon.com Stock Down 3.4 %
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. During the same period in the previous year, the firm posted $1.39 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 1.49 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at approximately $54,478,861.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction 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 directly 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 this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the sale, the chief executive officer now directly owns 529,435 shares of the company’s stock, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. Insiders sold a total of 78,713 shares of company stock worth $7,739,103 in the last three months. Insiders own 12.70% of the company’s stock.
Amazon.com 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.
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