Bay Rivers Group Sells 1,370 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bay Rivers Group cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,431 shares of the e-commerce giant’s stock after selling 1,370 shares during the period. Amazon.com comprises about 2.5% of Bay Rivers Group’s investment portfolio, making the stock its 12th largest position. Bay Rivers Group’s holdings in Amazon.com were worth $5,141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AMZN. Icon Wealth Advisors LLC lifted its stake in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the period. Hoese & Co LLP purchased a new stake in Amazon.com in the third quarter worth about $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com in the third quarter worth about $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com in the third quarter worth about $56,000. Finally, Harbor Investment Advisory LLC lifted its stake in Amazon.com by 1.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after acquiring an additional 3,055 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,848 shares of company stock worth $11,368,639. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of NASDAQ:AMZN opened at $228.68 on Monday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business’s 50 day moving average price is $228.21 and its 200-day moving average price is $202.44.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Rosenblatt Securities upped their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Robert W. Baird increased their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $265.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Wolfe Research upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Truist Financial upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com Company Profile

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.