Cypress Asset Management Inc. TX lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,660 shares of the e-commerce giant’s stock after selling 2,980 shares during the quarter. Amazon.com makes up about 2.0% of Cypress Asset Management Inc. TX’s holdings, making the stock its 12th largest position. Cypress Asset Management Inc. TX’s holdings in Amazon.com were worth $5,523,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in AMZN. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $228,000. Krane Funds Advisors LLC increased its position in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares in the last quarter. Range Financial Group LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $191,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on AMZN. Rosenblatt Securities lifted their target price on Amazon.com from $106.00 to $111.00 in a research report on Friday, April 28th. Deutsche Bank Aktiengesellschaft lowered their price target on Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. Moffett Nathanson lowered their price target on Amazon.com from $119.00 to $116.00 and set an “outperform” rating on the stock in a report on Monday, April 24th. Truist Financial raised their price target on Amazon.com from $142.00 to $144.00 in a report on Wednesday, April 12th. Finally, Piper Sandler raised their price target on Amazon.com from $130.00 to $150.00 in a report on Wednesday, June 7th. Three equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $145.28.
Amazon.com Stock Down 1.3 %
Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The firm had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. During the same period in the prior year, the company earned $0.21 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 1.56 earnings per share for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $13,846,568. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 6,720 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $115.56, for a total transaction of $776,563.20. Following the completion of the sale, the senior vice president now owns 97,116 shares in the company, valued at approximately $11,222,724.96. The disclosure for this sale can be found here. Insiders sold a total of 75,644 shares of company stock valued at $8,576,262 in the last ninety days. Insiders own 12.30% 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.
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