In a recent filing with the Securities and Exchange Commission, Global Strategic Investment Solutions LLC disclosed a 9.0% reduction in its holdings of Amazon.com, Inc. (NASDAQ: AMZN) during the fourth quarter. The firm now owns 6,795 shares of the e-commerce giant, having sold 674 shares in the process. As of the latest filing, these shares are valued at approximately $1.49 million, reflecting the ongoing adjustments that institutional investors are making in response to market dynamics.
The trend of modifying positions in Amazon is not isolated to Global Strategic Investment Solutions. Other institutional investors have also been active in the fourth quarter. For instance, Accordant Advisory Group Inc significantly increased its stake in Amazon by 400%, now holding 125 shares valued at $27,000 after acquiring an additional 100 shares. Similarly, Icon Wealth Advisors LLC raised its stake by 20.5%, owning 150,661 shares valued at $28,000 after acquiring 25,581 shares. Quattro Financial Advisors LLC and Compass Planning Associates Inc also made notable adjustments, with Quattro increasing its position by 23.8% and Compass acquiring a new stake worth about $51,000.
The collective actions of these institutional investors highlight a broader trend in the market, where 72.20% of Amazon’s stock is now owned by institutional investors and hedge funds. This significant ownership underscores the confidence that many financial institutions have in Amazon’s long-term growth potential, despite recent fluctuations in its stock price.
In terms of insider transactions, Amazon’s Vice President Shelley Reynolds sold 8,833 shares on February 21, at an average price of $222.47, totaling approximately $1.97 million. Following this transaction, Reynolds now holds 119,780 shares valued at around $26.65 million, marking a 6.87% decrease in her position. CEO Douglas J. Herrington also sold 2,500 shares on April 1, at an average price of $187.99, amounting to nearly $470,000. After this sale, Herrington retains 509,474 shares valued at approximately $95.78 million, reflecting a 0.49% decrease in his holdings. Over the past 90 days, insiders have sold a total of 104,798 shares valued at $23.34 million, with insiders owning 10.80% of the company’s stock.
As of the latest trading session, Amazon’s stock opened at $178.41, down 9.0%. The company has a market capitalization of $1.89 trillion, with a price-to-earnings (PE) ratio of 32.26 and a PEG ratio of 1.50. The stock has experienced a 52-week low of $151.61 and a high of $242.52, indicating significant volatility in its price.
Amazon’s recent quarterly earnings report, released on February 6, revealed an earnings per share (EPS) of $1.86, surpassing analysts’ expectations of $1.52. The company reported a net margin of 9.29% and a return on equity of 24.25%. Analysts predict that Amazon will post an EPS of 6.31 for the current year, reflecting continued optimism about its financial performance.
Analyst ratings for Amazon remain overwhelmingly positive, with 43 analysts issuing buy ratings and only two recommending a hold. The consensus target price for the stock is $260.53, indicating potential upside for investors. As Amazon navigates the complexities of the market, the strategic adjustments by institutional investors and the positive outlook from analysts suggest that the e-commerce giant remains a key player in the tech landscape.
