Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,802 shares of the e-commerce giant’s stock after selling 153 shares during the period. Goelzer Investment Management Inc.’s holdings in Amazon.com were worth $6,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Altman Advisors Inc. raised its position in shares of Amazon.com by 0.8% in the fourth quarter. Altman Advisors Inc. now owns 34,635 shares of the e-commerce giant’s stock valued at $5,262,000 after buying an additional 263 shares during the last quarter. Nicholas Investment Partners LP raised its position in shares of Amazon.com by 172.6% in the fourth quarter. Nicholas Investment Partners LP now owns 50,321 shares of the e-commerce giant’s stock valued at $7,646,000 after buying an additional 31,862 shares during the last quarter. Horizon Family Wealth Inc. raised its position in shares of Amazon.com by 2.5% in the fourth quarter. Horizon Family Wealth Inc. now owns 4,455 shares of the e-commerce giant’s stock valued at $677,000 after buying an additional 110 shares during the last quarter. Vise Technologies Inc. raised its position in shares of Amazon.com by 2.9% in the fourth quarter. Vise Technologies Inc. now owns 50,833 shares of the e-commerce giant’s stock valued at $7,724,000 after buying an additional 1,429 shares during the last quarter. Finally, Fagan Associates Inc. raised its position in shares of Amazon.com by 1.8% in the fourth quarter. Fagan Associates Inc. now owns 81,980 shares of the e-commerce giant’s stock valued at $12,456,000 after buying an additional 1,412 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 have recently weighed in on the stock. Citigroup boosted their price objective on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Evercore ISI boosted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Wells Fargo & Company boosted their target price on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Loop Capital boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Piper Sandler boosted their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $212.40.

Get Our Latest Analysis on Amazon.com

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,025,358 shares in the company, valued at approximately $367,480,955.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,338 shares of company stock worth $11,363,829. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Up 1.1 %

NASDAQ AMZN opened at $178.34 on Tuesday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 49.96, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. The company’s fifty day moving average price is $182.31 and its two-hundred day moving average price is $167.94.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS 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 firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

About Amazon.com

(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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