Legacy Financial Group LLC Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Legacy Financial Group LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 87.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,820 shares of the e-commerce giant’s stock after selling 13,211 shares during the period. Amazon.com makes up approximately 1.3% of Legacy Financial Group LLC’s portfolio, making the stock its 22nd largest position. Legacy Financial Group LLC’s holdings in Amazon.com were worth $277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. State Street Corp raised its holdings in shares of Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock valued at $37,272,937,000 after purchasing an additional 3,121,516 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares in the last quarter. FMR LLC raised its holdings in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Amazon.com by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock valued at $22,116,108,000 after purchasing an additional 4,842,542 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $183.62 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.91 trillion, a P/E ratio of 63.32, a PEG ratio of 1.62 and a beta of 1.17. The company has a 50-day moving average of $176.60 and a two-hundred day moving average of $155.79. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Oppenheimer raised their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Evercore ISI lifted their price target on shares of Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC lifted their price target on shares of Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Moffett Nathanson reiterated a “buy” rating and set a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Finally, Truist Financial reiterated a “buy” rating and set a $195.00 price target on shares of Amazon.com in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $201.43.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the transaction, the chief executive officer now owns 117,560 shares in the company, valued at $17,960,816.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the transaction, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,214,010 shares of company stock worth $5,505,874,846. Insiders own 12.70% 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.