Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Private Portfolio Partners LLC

Private Portfolio Partners LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,523 shares of the e-commerce giant’s stock after selling 195 shares during the quarter. Private Portfolio Partners LLC’s holdings in Amazon.com were worth $2,966,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMZN. Vanguard Group Inc. boosted its stake in shares of 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 valued at $96,350,832,000 after buying an additional 32,038,029 shares during the period. International Assets Investment Management LLC raised its stake in Amazon.com by 16,029.3% in the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock valued at $36,260,810,000 after buying an additional 23,717,254 shares in the last quarter. FMR LLC lifted its holdings in Amazon.com by 7.7% during the 3rd 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 last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth about $610,138,000. Finally, Northern Trust Corp increased its holdings 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 valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James upped their price target on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Piper Sandler boosted their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Wells Fargo & Company upped their price objective on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Loop Capital upped their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $212.40.

Get Our Latest Stock Report on Amazon.com

Amazon.com Trading Down 1.6 %

Shares of AMZN stock opened at $176.44 on Monday. The company has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 49.42, a PEG ratio of 1.26 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $182.34 and a 200 day moving average price of $167.69. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the chief executive officer now directly owns 2,025,358 shares in the company, valued at $367,480,955.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the chief executive officer now directly owns 2,025,358 shares in the company, valued at $367,480,955.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. Insiders have sold 62,338 shares of company stock worth $11,363,829 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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