Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Cut by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,014 shares of the e-commerce giant’s stock after selling 7,548 shares during the period. Amazon.com accounts for approximately 1.7% of Dynamic Advisor Solutions LLC’s investment portfolio, making the stock its 8th largest holding. Dynamic Advisor Solutions LLC’s holdings in Amazon.com were worth $38,396,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. Fiera Capital Corp boosted its holdings in Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after acquiring an additional 44,615 shares in the last quarter. Mystic Asset Management Inc. boosted its holdings in Amazon.com by 1.6% in the second quarter. Mystic Asset Management Inc. now owns 17,034 shares of the e-commerce giant’s stock worth $3,292,000 after acquiring an additional 274 shares in the last quarter. MayTech Global Investments LLC boosted its holdings in Amazon.com by 1.8% in the second quarter. MayTech Global Investments LLC now owns 222,873 shares of the e-commerce giant’s stock worth $43,070,000 after acquiring an additional 3,904 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in Amazon.com by 307.7% in the second quarter. WINTON GROUP Ltd now owns 22,965 shares of the e-commerce giant’s stock worth $4,438,000 after acquiring an additional 17,332 shares in the last quarter. Finally, Nia Impact Advisors LLC acquired a new stake in shares of Amazon.com during the second quarter worth about $222,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,850 shares of company stock worth $6,168,581. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research reports. Loop Capital lifted their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday. HSBC lifted their target price on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Truist Financial lifted their target price on Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Mizuho boosted their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $228.93 on Thursday. The stock’s 50-day moving average is $227.77 and its two-hundred day moving average is $201.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a market cap of $2.43 trillion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Analysts forecast that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

About Amazon.com

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.