Bay Colony Advisory Group Inc d b a Bay Colony Advisors Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 88,280 shares of the e-commerce giant’s stock after selling 2,584 shares during the quarter. Amazon.com comprises approximately 2.6% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings, making the stock its 4th largest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Amazon.com were worth $13,413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. PayPay Securities Corp raised its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in Amazon.com in the third quarter worth $49,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Amazon.com during the fourth quarter worth $57,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AMZN shares. Truist Financial raised their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird raised their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday. Sanford C. Bernstein upped their target price on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Barclays raised their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Wells Fargo & Company upped their price objective on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $211.07.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $186.21 on Friday. The company has a 50 day moving average price of $178.79 and a 200 day moving average price of $159.95. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 4.12 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,217,010 shares of company stock valued at $5,506,442,301. 10.80% of the stock is owned by company insiders.

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.