Insigneo Advisory Services LLC Decreases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Insigneo Advisory Services LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,723 shares of the e-commerce giant's stock after selling 8,946 shares during the quarter. Amazon.com accounts for 4.3% of Insigneo Advisory Services LLC's portfolio, making the stock its 3rd largest position. Insigneo Advisory Services LLC's holdings in Amazon.com were worth $42,062,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMZN. Finer Wealth Management Inc. grew its position in shares of Amazon.com by 1.4% in the 4th quarter. Finer Wealth Management Inc. now owns 44,289 shares of the e-commerce giant's stock worth $9,716,000 after acquiring an additional 610 shares in the last quarter. Lifelong Wealth Advisors Inc. acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $288,000. Evergreen Capital Management LLC grew its position in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares in the last quarter. Acorns Advisers LLC grew its position in shares of Amazon.com by 14.0% in the 4th quarter. Acorns Advisers LLC now owns 20,593 shares of the e-commerce giant's stock worth $4,518,000 after acquiring an additional 2,534 shares in the last quarter. Finally, Finward Bancorp acquired a new position in Amazon.com during the 4th quarter valued at approximately $1,176,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,798 shares of company stock valued at $17,696,733. Corporate insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. DA Davidson cut their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley dropped their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group dropped their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Oppenheimer dropped their price objective on Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Piper Sandler reissued an "overweight" rating and issued a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Stock Performance

Amazon.com stock traded down $0.44 during trading hours on Friday, hitting $204.73. The stock had a trading volume of 13,807,787 shares, compared to its average volume of 41,829,475. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $189.15 and a two-hundred day moving average of $208.40. The company has a market cap of $2.17 trillion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30.

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

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.