Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lessened by Family Capital Management Inc.

Family Capital Management Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,067 shares of the e-commerce giant’s stock after selling 164 shares during the period. Amazon.com accounts for 6.9% of Family Capital Management Inc.’s holdings, making the stock its 6th biggest position. Family Capital Management Inc.’s holdings in Amazon.com were worth $9,734,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. FMR LLC lifted its stake in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the period. Northern Trust Corp grew its holdings in shares of Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after buying an additional 3,260,411 shares during the last quarter. Jennison Associates LLC increased its position in shares of Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Amazon.com by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock worth $6,406,216,000 after acquiring an additional 1,374,052 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.4 %

AMZN stock opened at $188.00 on Thursday. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.66, a PEG ratio of 1.35 and a beta of 1.15. The firm has a 50-day moving average of $179.60 and a two-hundred day moving average of $161.63. Amazon.com, Inc. has a 12 month low of $105.16 and a 12 month high of $189.94. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Robert W. Baird increased their price objective on Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Truist Financial raised their price target on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Barclays upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Susquehanna boosted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada increased their price target on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $211.62.

Insider Transactions at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares in the company, valued at $886,407.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Jonathan Rubinstein sold 12,133 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $171.00, for a total value of $2,074,743.00. Following the completion of the transaction, the director now directly owns 115,220 shares in the company, valued at $19,702,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now owns 4,760 shares in the company, valued at approximately $886,407.20. The disclosure for this sale can be found here. Insiders have sold a total of 26,198,961 shares of company stock worth $4,482,430,577 in the last quarter. Company insiders own 10.80% of the company’s stock.

About Amazon.com

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.