Amazon.com, Inc. (NASDAQ:AMZN) Stake Reduced by Townsend Asset Management Corp NC ADV



Townsend Asset Management Corp NC ADV cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 51,982 shares of the e-commerce giant’s stock after selling 1,737 shares during the period. Amazon.com makes up about 3.6% of Townsend Asset Management Corp NC ADV’s investment portfolio, making the stock its 6th largest holding. Townsend Asset Management Corp NC ADV’s holdings in Amazon.com were worth $7,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. PayPay Securities Corp lifted its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC purchased a new stake in shares of Amazon.com during the fourth quarter valued at $43,000. Harbor Investment Advisory LLC raised its position in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new position in Amazon.com during the 3rd quarter valued at about $49,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 1.1 %

Shares of NASDAQ AMZN opened at $187.48 on Monday. Amazon.com, Inc. has a 1-year low of $109.25 and a 1-year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business’s 50 day moving average is $180.34 and its two-hundred day moving average is $162.66. The stock has a market capitalization of $1.95 trillion, a P/E ratio of 52.52, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 4.67 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Monness Crespi & Hardt increased their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. TD Cowen lifted their price objective on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Barclays increased their target price on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Telsey Advisory Group boosted their price target on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $211.62.

View Our Latest Analysis on Amazon.com

Insider Activity

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $169.97, for a total transaction of $1,019,624,364.53. Following the transaction, the insider now directly owns 952,258,723 shares in the company, valued at approximately $161,855,415,148.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $169.97, for a total transaction of $1,019,624,364.53. Following the completion of the transaction, the insider now owns 952,258,723 shares in the company, valued at $161,855,415,148.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,174,830 shares of company stock valued at $2,398,652,270. 10.80% of the stock is currently owned by company insiders.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

See Also

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 – Free Report).

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)



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