Vontobel Holding Ltd. Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Vontobel Holding Ltd. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 874,747 shares of the e-commerce giant’s stock after selling 27,822 shares during the period. Vontobel Holding Ltd.’s holdings in Amazon.com were worth $132,909,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AMZN. Lake Hills Wealth Management LLC raised its holdings in shares of Amazon.com by 0.8% in the fourth quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after acquiring an additional 65 shares during the last quarter. Veery Capital LLC increased its position in Amazon.com by 1.1% during the 4th quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after purchasing an additional 66 shares in the last quarter. Bellwether Advisors LLC raised its stake in Amazon.com by 2.3% in the 4th quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after purchasing an additional 66 shares during the last quarter. StrategIQ Financial Group LLC lifted its holdings in Amazon.com by 0.3% in the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock valued at $3,534,000 after purchasing an additional 66 shares in the last quarter. Finally, Marion Wealth Management boosted its stake in shares of Amazon.com by 1.6% during the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock worth $657,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $186.21 on Friday. Amazon.com, Inc. has a 12 month low of $103.31 and a 12 month high of $189.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. The stock has a fifty day moving average price of $178.79 and a 200 day moving average price of $159.95. The company has a market cap of $1.93 trillion, a P/E ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 4.12 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Piper Sandler upped their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday. Telsey Advisory Group raised their price objective on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday. Argus increased their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. Oppenheimer lifted their price objective on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $211.07.

Insider Activity

In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. Insiders own 10.80% of the company’s stock.

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.