Vision Capital Management Inc. Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Vision Capital Management Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,090 shares of the e-commerce giant’s stock after selling 267 shares during the quarter. Amazon.com accounts for about 2.8% of Vision Capital Management Inc.’s portfolio, making the stock its 9th biggest position. Vision Capital Management Inc.’s holdings in Amazon.com were worth $18,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Comerica Bank raised its holdings in shares of Amazon.com by 2.0% in the 4th quarter. Comerica Bank now owns 2,122,350 shares of the e-commerce giant’s stock worth $322,470,000 after purchasing an additional 42,518 shares during the period. Chilton Investment Co. Inc. increased its position in Amazon.com by 1.5% in the fourth quarter. Chilton Investment Co. Inc. now owns 16,764 shares of the e-commerce giant’s stock worth $2,547,000 after buying an additional 253 shares during the last quarter. C M Bidwell & Associates Ltd. raised its stake in shares of Amazon.com by 2.3% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 6,672 shares of the e-commerce giant’s stock valued at $1,014,000 after buying an additional 150 shares during the period. Brevan Howard Capital Management LP purchased a new position in shares of Amazon.com during the 4th quarter valued at $2,954,000. Finally, Bragg Financial Advisors Inc grew its stake in shares of Amazon.com by 1.9% during the 4th quarter. Bragg Financial Advisors Inc now owns 142,882 shares of the e-commerce giant’s stock worth $21,709,000 after acquiring an additional 2,717 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 in the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.8 %

NASDAQ AMZN opened at $186.65 on Friday. The stock has a 50-day moving average of $179.11 and a 200-day moving average of $183.05. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The firm has a market cap of $1.94 trillion, a PE ratio of 52.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMZN. TD Securities upped their price objective on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Piper Sandler dropped their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research note on Monday. JMP Securities reissued a “market outperform” rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, October 4th. Finally, Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target for the company. in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $222.67.

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.