Banque Cantonale Vaudoise Has $44.46 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Banque Cantonale Vaudoise cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 230,038 shares of the e-commerce giant’s stock after selling 79,334 shares during the period. Amazon.com accounts for approximately 1.8% of Banque Cantonale Vaudoise’s portfolio, making the stock its 8th largest holding. Banque Cantonale Vaudoise’s holdings in Amazon.com were worth $44,459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Summa Corp. bought a new position in shares of Amazon.com in the 4th quarter worth $1,506,000. Advantage Trust Co bought a new position in Amazon.com in the fourth quarter valued at $68,000. Arcadia Investment Management Corp MI raised its position in Amazon.com by 12.9% during the fourth quarter. Arcadia Investment Management Corp MI now owns 67,291 shares of the e-commerce giant’s stock valued at $10,224,000 after purchasing an additional 7,676 shares in the last quarter. Vestor Capital LLC lifted its stake in Amazon.com by 12.8% during the fourth quarter. Vestor Capital LLC now owns 291,414 shares of the e-commerce giant’s stock worth $44,277,000 after purchasing an additional 33,165 shares during the last quarter. Finally, Ethos Financial Group LLC boosted its holdings in shares of Amazon.com by 7.7% in the 4th quarter. Ethos Financial Group LLC now owns 23,596 shares of the e-commerce giant’s stock worth $3,586,000 after purchasing an additional 1,687 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. Insiders sold 6,101,797 shares of company stock valued at $1,220,129,922 in the last quarter. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Piper Sandler reduced their target price on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a research report on Monday, September 23rd. Morgan Stanley dropped their target price on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Truist Financial lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Stifel Nicolaus decreased their target price on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $222.84.

Amazon.com Price Performance

NASDAQ AMZN opened at $187.97 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The stock has a 50-day moving average of $178.83 and a 200 day moving average of $182.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

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.