Nuance Investments LLC Has $2.62 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Nuance Investments LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,402 shares of the e-commerce giant’s stock after selling 7,079 shares during the period. Nuance Investments LLC’s holdings in Amazon.com were worth $2,624,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Planning LLC grew its position in Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC lifted its stake in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. boosted its position in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares during the period. Alterna Wealth Management Inc. grew its stake in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners lifted its stake in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after acquiring an additional 6 shares during the last quarter. 57.96% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $138.12 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $143.63. The firm has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 108.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26. The firm has a 50 day moving average of $132.90 and a 200 day moving average of $116.05.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping the consensus estimate of $0.34 by $0.29. The firm had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. On average, research analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $16,034,948.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total transaction of $63,135.00. Following the completion of the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at $19,291,530.60. The disclosure for this sale can be found here. Insiders have sold 1,362,329 shares of company stock valued at $48,508,072 over the last quarter. 12.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Wolfe Research raised their target price on shares of Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. CICC Research assumed coverage on shares of Amazon.com in a research note on Sunday, July 9th. They set an “outperform” rating for the company. Roth Mkm raised their target price on Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Barclays upped their price target on Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Finally, Piper Sandler boosted their target price on Amazon.com from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. Two analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.87.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.