Bigelow Investment Advisors LLC Sells 292 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bigelow Investment Advisors LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,863 shares of the e-commerce giant’s stock after selling 292 shares during the period. Bigelow Investment Advisors LLC’s holdings in Amazon.com were worth $1,651,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Canaccord Genuity Group lifted their target price on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Truist Financial increased their price target on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Telsey Advisory Group lifted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Bank of America increased their target price on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $211.62.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Insiders sold a total of 20,187,979 shares of company stock valued at $3,440,575,337 in the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Up 0.8 %

AMZN opened at $189.50 on Friday. The company has a fifty day moving average of $179.90 and a two-hundred day moving average of $161.81. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 53.08, a PEG ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a fifty-two week low of $108.05 and a fifty-two week high of $191.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share 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 analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. On average, research analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Amazon.com Company 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.