Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by America First Investment Advisors LLC

America First Investment Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,638 shares of the e-commerce giant’s stock after selling 3,898 shares during the period. Amazon.com comprises approximately 6.7% of America First Investment Advisors LLC’s investment portfolio, making the stock its 4th largest holding. America First Investment Advisors LLC’s holdings in Amazon.com were worth $27,533,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Register Financial Advisors LLC raised its stake in shares of Amazon.com by 14.3% during the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares during the period. Cherrydale Wealth Management LLC raised its stake in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares during the period. Tompkins Financial Corp raised its stake in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the period. Nicholas Company Inc. raised its stake in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Amazon.com by 5.4% during the 4th quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after buying an additional 277,631 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 3.3 %

Amazon.com stock traded down $5.96 during midday trading on Tuesday, reaching $175.00. 93,825,266 shares of the stock traded hands, compared to its average volume of 43,548,449. The company has a 50-day simple moving average of $178.38 and a two-hundred day simple moving average of $159.64. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The firm has a market cap of $1.82 trillion, a PE ratio of 60.34, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. Research analysts expect that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, 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. Insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMZN. DA Davidson reaffirmed a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Robert W. Baird increased their price objective on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Piper Sandler increased their price objective on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Moffett Nathanson reissued a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $205.13.

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.