United Asset Strategies Inc. Sells 4,336 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

United Asset Strategies Inc. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 165,125 shares of the e-commerce giant’s stock after selling 4,336 shares during the period. Amazon.com accounts for 2.8% of United Asset Strategies Inc.’s portfolio, making the stock its 4th biggest position. United Asset Strategies Inc.’s holdings in Amazon.com were worth $25,089,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. PayPay Securities Corp grew its position in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in 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 valued at $42,000 after buying an additional 86 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new position in Amazon.com in the 3rd quarter valued at about $49,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in Amazon.com in the 4th quarter valued at about $57,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Stifel Nicolaus upped their price target on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Morgan Stanley upped their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, 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, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $211.07.

Amazon.com Trading Up 0.8 %

Shares of AMZN stock opened at $186.21 on Monday. Amazon.com, Inc. has a 12 month low of $103.31 and a 12 month high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $179.02 and its two-hundred day moving average is $160.75. The company has a market cap of $1.94 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock worth $5,506,442,301 over the last 90 days. 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.