Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by Boston Family Office LLC

Boston Family Office LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 262,926 shares of the e-commerce giant’s stock after selling 2,715 shares during the period. Amazon.com comprises approximately 3.0% of Boston Family Office LLC’s holdings, making the stock its 3rd largest position. Boston Family Office LLC’s holdings in Amazon.com were worth $39,949,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SageView Advisory Group LLC grew its position in Amazon.com by 2.3% in the third quarter. SageView Advisory Group LLC now owns 44,652 shares of the e-commerce giant’s stock worth $5,676,000 after acquiring an additional 1,025 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in Amazon.com by 15.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 551,309 shares of the e-commerce giant’s stock worth $69,990,000 after acquiring an additional 72,463 shares in the last quarter. Delta Financial Advisors LLC grew its position in Amazon.com by 0.5% in the third quarter. Delta Financial Advisors LLC now owns 21,870 shares of the e-commerce giant’s stock worth $2,780,000 after acquiring an additional 110 shares in the last quarter. Stoneridge Investment Partners LLC boosted its holdings in shares of Amazon.com by 29.1% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 53,257 shares of the e-commerce giant’s stock worth $6,770,000 after buying an additional 12,008 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Amazon.com by 4.2% during the 3rd quarter. Larson Financial Group LLC now owns 68,804 shares of the e-commerce giant’s stock worth $8,746,000 after buying an additional 2,801 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.4 %

Shares of NASDAQ AMZN opened at $184.30 on Monday. The firm has a market capitalization of $1.92 trillion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. 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, Inc. has a 1 year low of $118.35 and a 1 year high of $191.70. The firm’s 50-day moving average is $182.53 and its 200-day moving average is $168.99.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’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 EPS. Equities analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on AMZN. UBS Group upped their price objective on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JMP Securities reiterated a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Tigress Financial increased their price objective on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Stifel Nicolaus increased their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Truist Financial increased their price objective on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $213.82.

Get Our Latest Stock Analysis on AMZN

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at approximately $23,868,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on 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. Insiders have sold 65,838 shares of company stock worth $11,984,344 in the last ninety days. Company insiders own 10.80% of the company’s stock.

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.

See Also

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

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