Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Sky Investment Group LLC

Sky Investment Group LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,913 shares of the e-commerce giant’s stock after selling 115 shares during the period. Sky Investment Group LLC’s holdings in Amazon.com were worth $3,785,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. PayPay Securities Corp grew its position in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Amazon.com in the 4th quarter valued at about $57,000. Authentikos Wealth Advisory LLC purchased a new stake in Amazon.com during the 3rd quarter valued at approximately $49,000. Finally, AM Squared Ltd purchased a new stake in Amazon.com during the 3rd quarter valued at approximately $76,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $177.23 on Tuesday. The firm’s 50-day moving average is $177.38 and its two-hundred day moving average is $157.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $1.84 trillion, a P/E ratio of 61.11, a P/E/G ratio of 1.52 and a beta of 1.17. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the previous year, the company earned $0.21 EPS. Amazon.com’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMZN. Moffett Nathanson reissued a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. JMP Securities lifted their price objective on shares of Amazon.com from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Evercore ISI upped their price objective on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Wedbush restated an “outperform” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Wednesday, April 10th. Finally, Barclays boosted their price target on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $202.80.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is currently 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.