CSM Advisors LLC Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

CSM Advisors LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,019 shares of the e-commerce giant's stock after selling 3,600 shares during the quarter. Amazon.com makes up about 1.6% of CSM Advisors LLC's holdings, making the stock its 17th largest position. CSM Advisors LLC's holdings in Amazon.com were worth $23,699,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Accordant Advisory Group Inc grew its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the last quarter. Finally, Quattro Financial Advisors LLC grew its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.2%

AMZN stock opened at $205.59 on Friday. The stock has a market capitalization of $2.18 trillion, a P/E ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a 50 day moving average price of $189.33 and a two-hundred day moving average price of $208.50.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at $1,151,366.20. The trade was a 15.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,798 shares of company stock valued at $17,696,733 in the last ninety days. Company insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Citizens Jmp lowered their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Truist Financial lowered their price objective on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Tigress Financial lifted their price objective on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $244.09.

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.

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