Alerus Financial NA Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Alerus Financial NA lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,201 shares of the e-commerce giant's stock after selling 7,335 shares during the quarter. Amazon.com accounts for 2.1% of Alerus Financial NA's holdings, making the stock its 12th biggest position. Alerus Financial NA's holdings in Amazon.com were worth $26,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Level Four Advisory Services LLC increased its position in shares of Amazon.com by 1.6% during the 4th quarter. Level Four Advisory Services LLC now owns 230,371 shares of the e-commerce giant's stock worth $50,541,000 after purchasing an additional 3,575 shares during the last quarter. NBZ Investment Advisors LLC acquired a new position in Amazon.com during the fourth quarter worth $226,000. Vertex Planning Partners LLC raised its position in Amazon.com by 4.6% during the fourth quarter. Vertex Planning Partners LLC now owns 6,154 shares of the e-commerce giant's stock worth $1,350,000 after acquiring an additional 271 shares in the last quarter. denkapparat Operations GmbH bought a new stake in shares of Amazon.com in the 4th quarter valued at about $429,000. Finally, Pictet Asset Management Holding SA grew its holdings in Amazon.com by 1.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,813,978 shares of the e-commerce giant's stock worth $1,714,309,000 after purchasing an additional 94,084 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.4 %

AMZN traded down $0.85 during midday trading on Friday, hitting $189.35. The company had a trading volume of 31,216,677 shares, compared to its average volume of 41,562,783. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 34.12, a PEG ratio of 1.50 and a beta of 1.39. The stock's 50 day moving average price is $190.94 and its 200 day moving average price is $207.76. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Bank of America dropped their price objective on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday. Piper Sandler reissued an "overweight" rating and issued a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Benchmark lifted their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Maxim Group lifted their target price on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $245.63.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 in the last quarter. Insiders own 10.80% of the company's stock.

Amazon.com Company 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.