Amazon.com, Inc. (NASDAQ:AMZN) Position Cut by Ashburton Jersey Ltd

Ashburton Jersey Ltd trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 47.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,078 shares of the e-commerce giant’s stock after selling 39,553 shares during the period. Amazon.com makes up about 4.3% of Ashburton Jersey Ltd’s portfolio, making the stock its 6th biggest position. Ashburton Jersey Ltd’s holdings in Amazon.com were worth $9,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Amazon.com in the fourth quarter worth $27,266,582,000. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock worth $2,652,116,000 after buying an additional 12,018,120 shares during the period. State Street Corp lifted its holdings in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after buying an additional 6,545,944 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research note on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a research report on Friday. Bank of America dropped their price target on Amazon.com from $257.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Jefferies Financial Group decreased their price objective on Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a report on Friday. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.55.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now owns 506,974 shares of the company’s stock, valued at approximately $96,664,732.58. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,298 shares of company stock worth $23,818,478 in the last quarter. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Down 1.9 %

NASDAQ AMZN opened at $186.35 on Tuesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $1.98 trillion, a P/E ratio of 33.70, a P/E/G ratio of 1.50 and a beta of 1.30. The business has a fifty day moving average price of $189.92 and a 200 day moving average price of $208.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com 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.