Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Cut by Byrne Asset Management LLC

Byrne Asset Management LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,518 shares of the e-commerce giant’s stock after selling 443 shares during the quarter. Amazon.com comprises approximately 4.3% of Byrne Asset Management LLC’s portfolio, making the stock its 4th biggest position. Byrne Asset Management LLC’s holdings in Amazon.com were worth $6,037,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AMZN. Quattro Financial Advisors LLC grew its holdings in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares in the last quarter. MBM Wealth Consultants LLC raised its position in Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares during the last quarter. Semus Wealth Partners LLC raised its position in Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after purchasing an additional 49 shares during the last quarter. Bell Investment Advisors Inc increased its stake in shares of Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after buying an additional 51 shares during the period. Finally, Eaton Cambridge Inc. increased its stake in shares of Amazon.com by 1.1% in the 4th quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant’s stock valued at $994,000 after buying an additional 51 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Wolfe Research boosted their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Piper Sandler reiterated an “overweight” rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Finally, Benchmark upped their target price on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,649 shares of company stock worth $23,871,905. 10.80% of the stock is owned by insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $208.36 on Thursday. The stock has a market cap of $2.21 trillion, a P/E ratio of 37.68, a PEG ratio of 1.50 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a 50-day moving average of $225.12 and a two-hundred day moving average of $206.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.