Johnson Financial Group LLC Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Johnson Financial Group LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 92.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,411 shares of the e-commerce giant’s stock after selling 29,169 shares during the quarter. Johnson Financial Group LLC’s holdings in Amazon.com were worth $272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. State Street Corp boosted its position in shares of Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 1,838.8% during 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 buying an additional 295,880,050 shares during the period. FMR LLC raised its holdings in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares during the period. Northern Trust Corp raised its holdings in Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after buying an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc raised its holdings in Amazon.com by 1,944.4% during the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after buying an additional 57,043,701 shares during the period. 57.64% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares in the company, valued at $194,780,769.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total transaction of $2,367,107.10. Following the completion of the sale, the chief executive officer now owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,394 shares of company stock worth $6,619,426. 12.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $94.23 on Wednesday. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The business’s fifty day simple moving average is $94.46 and its 200-day simple moving average is $105.15. The firm has a market cap of $965.60 billion, a PE ratio of -351.59, a price-to-earnings-growth ratio of 3.85 and a beta of 1.22. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. During the same period last year, the company earned $1.39 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. Rosenblatt Securities increased their price target on Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, February 3rd. Robert W. Baird increased their target price on Amazon.com from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Amazon.com in a research note on Friday, February 3rd. Tigress Financial reaffirmed a “buy” rating and set a $192.00 price objective on shares of Amazon.com in a research report on Thursday, February 9th. Finally, Truist Financial lowered their price target on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.87.

Amazon.com Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.