Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lowered by Vishria Bird Financial Group LLC

Vishria Bird Financial Group LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,274 shares of the e-commerce giant’s stock after selling 333 shares during the quarter. Amazon.com accounts for 5.3% of Vishria Bird Financial Group LLC’s investment portfolio, making the stock its 4th biggest holding. Vishria Bird Financial Group LLC’s holdings in Amazon.com were worth $14,026,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMZN. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com in the third quarter valued at $45,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new position in Amazon.com in the 3rd quarter valued at about $56,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on AMZN. Tigress Financial lifted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Telsey Advisory Group lifted their target price on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Roth Mkm boosted their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Benchmark raised their price objective on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, TD Cowen upped their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Trading Down 0.9 %

NASDAQ:AMZN opened at $227.05 on Friday. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The business’s 50-day simple moving average is $209.04 and its 200 day simple moving average is $192.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market cap of $2.39 trillion, a price-to-earnings ratio of 48.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. 10.80% of the stock is owned by insiders.

Amazon.com 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.