Geneos Wealth Management Inc. Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Geneos Wealth Management Inc. lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,949 shares of the e-commerce giant’s stock after selling 8,922 shares during the quarter. Amazon.com comprises 0.8% of Geneos Wealth Management Inc.’s portfolio, making the stock its 20th biggest holding. Geneos Wealth Management Inc.’s holdings in Amazon.com were worth $16,250,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Authentikos Wealth Advisory LLC purchased a new position in shares of Amazon.com in the 3rd quarter worth approximately $49,000. Bruce G. Allen Investments LLC purchased a new position in shares of Amazon.com in the 4th quarter worth approximately $57,000. Finally, AM Squared Ltd purchased a new position in shares of Amazon.com in the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 over the last quarter. 10.30% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $179.62 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The business has a 50 day simple moving average of $177.99 and a two-hundred day simple moving average of $158.79. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 61.94, a PEG ratio of 1.50 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77.

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

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Morgan Stanley lifted their target price on Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. The Goldman Sachs Group raised their price target on Amazon.com from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Truist Financial raised their price target on Amazon.com from $195.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Citigroup raised their price target on Amazon.com from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $205.13.

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.