Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by QV Investors Inc.

QV Investors Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,770 shares of the e-commerce giant’s stock after selling 790 shares during the quarter. Amazon.com accounts for 1.4% of QV Investors Inc.’s portfolio, making the stock its 25th largest position. QV Investors Inc.’s holdings in Amazon.com were worth $16,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $30,000. 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 acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 valued at $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $43,000. Finally, Clarity Asset Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at approximately $46,000. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Amazon.com Stock Up 3.4 %

NASDAQ AMZN traded up $5.95 during trading on Friday, hitting $179.62. The stock had a trading volume of 43,846,973 shares, compared to its average volume of 36,227,088. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a market capitalization of $1.87 trillion, a PE ratio of 61.94, a P/E/G ratio of 1.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company’s 50-day moving average price is $177.99 and its two-hundred day moving average price is $158.98.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMZN. Sanford C. Bernstein increased their price target on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Maxim Group began coverage on Amazon.com in a report on Wednesday, April 17th. They set a “buy” rating and a $218.00 price target on the stock. The Goldman Sachs Group increased their price target on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JMP Securities reiterated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a report on Wednesday. Finally, Barclays raised their price objective 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 company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average price target of $205.13.

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.