Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Grandview Asset Management LLC

Grandview Asset Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,710 shares of the e-commerce giant’s stock after selling 1,465 shares during the quarter. Amazon.com accounts for 1.6% of Grandview Asset Management LLC’s holdings, making the stock its 12th largest holding. Grandview Asset Management LLC’s holdings in Amazon.com were worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridgefront Capital LLC acquired a new position in Amazon.com during the 1st quarter worth $228,000. Krane Funds Advisors LLC boosted its position in shares of Amazon.com by 239.1% during the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $258,000. My Personal CFO LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $191,000. 57.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. In the last three months, insiders sold 71,394 shares of company stock valued at $6,994,626. Corporate insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMZN shares. The Goldman Sachs Group lowered their price objective on Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Truist Financial lowered their price objective on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Wells Fargo & Company lowered their price objective on Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. DA Davidson upped their price objective on Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Finally, Barclays upped their target price on Amazon.com from $130.00 to $150.00 in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $144.72.

Amazon.com Stock Performance

Shares of AMZN stock opened at $98.95 on Friday. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of -369.20, a price-to-earnings-growth ratio of 3.97 and a beta of 1.25. The stock has a 50 day simple moving average of $97.01 and a 200-day simple moving average of $101.53. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The business had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.39 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 1.34 EPS for the current year.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.