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Evolution Wealth Advisors LLC sells 640 shares of Amazon.com, Inc. (NASDAQ:AMZN)


Evolution Wealth Advisors LLC reduced its holdings in Amazon.com, Inc. in the fourth quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. (NASDAQ:AMZN) by 0.7%. The company owned 90,391 shares of the e-commerce giant after selling 640 shares during the quarter. Amazon.com accounts for approximately 2.8% of Evolution Wealth Advisors LLC’s investment portfolio, making it the eighth largest. At the end of the last reporting period, the value of Evolution Wealth Advisors LLC’s shares in Amazon.com was USD 13,734,000.

Several other hedge funds also bought and sold AMZN stock. Members Trust Co increased its position on Amazon.com by 8.9% in the fourth quarter. Members Trust Co, after purchasing an additional 341 shares during the period, now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000. Cherrydale Wealth Management LLC increased its position in shares of Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp increased its holdings in shares of Amazon.com by 3.3% during the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after purchasing an additional 2,273 shares in the last quarter. In the third quarter, Nicholas Company Inc. increased its shares in Amazon.com by 3.9%. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after purchasing an additional 26,465 shares during the period. Finally, in the fourth quarter, Nordea Investment Management AB strengthened its position on Amazon.com by 5.4%. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after purchasing an additional 277,631 shares in the last quarter. Hedge funds and other institutional investors hold 72.20% of the company’s shares.

The Wall Street analyst concludes

Several research analysts have recently commented on the company. Piper Sandler raised their target price on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. TD Cowen increased their price target on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. JMP Securities reissued a market outperform rating and set a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Oppenheimer increased their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Goldman Sachs Group increased their price target on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One equity research analyst rated the company with a hold rating, forty-four issued a buy rating and one gave a strong buy rating to the company. Based on data from MarketBeat.com, the average rating for the stock is “Buy” and the consensus price target is $211.62.

Check out our latest stock report on Amazon.com

Confidential activity

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the closing of the transaction, the CEO now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed at this link. CEO Andrew R. Jassy also sold $50,000 in a transaction that took place on Friday, February 16. company shares. The shares were sold at an average price of $168.65, for a total transaction amount of $8,432,500.00. Following the sale, the CEO now owns 2,014,055 shares of the company’s stock valued at $339,670,375.75. The announcement of this sale can be found here. Over the last three months, insiders sold 20,187,979 shares of company stock worth $3,440,575,337. Corporate insiders own 10.80% of the company’s shares.

Amazon.com stock performance

On Friday, NASDAQ AMZN opened at $189.50. The company has a market capitalization of $1.97 trillion, a P/E ratio of 53.08, a P/E/G ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. it has a 1-year low of $108.05 and a 1-year high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a 50-day moving average of $179.90 and a two-hundred-day moving average of $161.81.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, which was $0.15 ahead of the consensus estimate of $0.83. 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 $143.31 billion, compared to the consensus estimate of $142.65 billion. During the same period last year, the company earned $0.31 EPS. The company’s revenue for the quarter increased 12.5% ​​year-over-year. Analysts predict that as a group, Amazon.com, Inc. it will record 4.67 EPS for the current year.

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Further reading

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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