Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by MAI Capital Management

MAI Capital Management reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 822,693 shares of the e-commerce giant’s stock after selling 4,643 shares during the quarter. Amazon.com comprises approximately 1.3% of MAI Capital Management’s portfolio, making the stock its 11th largest holding. MAI Capital Management’s holdings in Amazon.com were worth $84,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. State Street Corp increased its position in Amazon.com by 1,869.1% during the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock worth $34,701,726,000 after buying an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC increased its holdings in shares of Amazon.com by 1,792.4% in 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 acquiring an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC raised its position in Amazon.com by 120,235.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after purchasing an additional 116,383,502 shares during the last quarter. Finally, Norges Bank purchased a new position in Amazon.com during the 4th quarter worth $8,263,591,000. 57.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total transaction of $62,535.00. Following the transaction, the chief executive officer now owns 151,780 shares in the company, valued at $18,983,124.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the 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 sale, the vice president now owns 119,780 shares of the company’s stock, valued at $16,034,948.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $125.07, for a total transaction of $62,535.00. Following the completion of the transaction, the chief executive officer now owns 151,780 shares of the company’s stock, valued at $18,983,124.60. The disclosure for this sale can be found here. In the last three months, insiders sold 1,361,829 shares of company stock valued at $48,444,937. Company insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Truist Financial upped their target price on shares of Amazon.com from $144.00 to $176.00 and gave the company a “buy” rating in a report on Friday, August 4th. Credit Suisse Group increased their price objective on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Piper Jaffray Companies boosted their target price on shares of Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. UBS Group increased their price target on shares of Amazon.com from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Robert W. Baird boosted their price objective on shares of Amazon.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $160.87.

Amazon.com Stock Performance

NASDAQ AMZN opened at $137.27 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $143.63. The firm has a market capitalization of $1.42 trillion, a P/E ratio of 108.09, a P/E/G ratio of 1.83 and a beta of 1.24. The business’s 50-day simple moving average is $133.28 and its 200-day simple moving average is $116.83.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The firm had revenue of $134.38 billion for the quarter, compared to analysts’ expectations of $131.54 billion. Equities analysts predict that Amazon.com, Inc. will post 2.23 EPS for the current year.

Amazon.com 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.