Moseley Investment Management Inc. Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Moseley Investment Management Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,816 shares of the e-commerce giant’s stock after selling 637 shares during the period. Amazon.com comprises about 4.0% of Moseley Investment Management Inc.’s investment portfolio, making the stock its 4th biggest position. Moseley Investment Management Inc.’s holdings in Amazon.com were worth $10,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Heritage Family Offices LLP acquired a new stake in shares of Amazon.com during the 2nd quarter valued at about $206,000. Massachusetts Wealth Management boosted its position in shares of Amazon.com by 3.9% during the 2nd quarter. Massachusetts Wealth Management now owns 3,977 shares of the e-commerce giant’s stock valued at $769,000 after acquiring an additional 151 shares in the last quarter. JPL Wealth Management LLC boosted its position in Amazon.com by 17.5% in the second quarter. JPL Wealth Management LLC now owns 20,695 shares of the e-commerce giant’s stock valued at $3,999,000 after buying an additional 3,076 shares in the last quarter. Tandem Investment Advisors Inc. boosted its position in Amazon.com by 47.3% in the second quarter. Tandem Investment Advisors Inc. now owns 2,408 shares of the e-commerce giant’s stock valued at $465,000 after buying an additional 773 shares in the last quarter. Finally, Drive Wealth Management LLC boosted its position in Amazon.com by 1.7% in the second quarter. Drive Wealth Management LLC now owns 28,618 shares of the e-commerce giant’s stock valued at $5,530,000 after buying an additional 491 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Piper Sandler boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Robert W. Baird boosted their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Telsey Advisory Group boosted 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. Finally, Benchmark boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.46.

Amazon.com Trading Up 0.3 %

Shares of AMZN opened at $235.50 on Tuesday. The stock has a fifty day moving average of $220.27 and a two-hundred day moving average of $197.44. 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 company has a market capitalization of $2.48 trillion, a PE ratio of 50.43, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $236.40.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 5.39 EPS for the current year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares in the company, valued at approximately $19,864,290.60. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

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.