Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Aristotle Atlantic Partners LLC

Aristotle Atlantic Partners LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 481,350 shares of the e-commerce giant’s stock after selling 31,308 shares during the quarter. Amazon.com comprises approximately 3.3% of Aristotle Atlantic Partners LLC’s investment portfolio, making the stock its 8th largest holding. Aristotle Atlantic Partners LLC’s holdings in Amazon.com were worth $105,603,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. boosted its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. FMR LLC boosted its holdings in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares during the last quarter. Finally, Norges Bank purchased a new position in Amazon.com during the 4th quarter worth $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,996 shares of company stock worth $6,316,899 over the last ninety days. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 1.0%

AMZN stock opened at $203.10 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $189.89 and its 200 day moving average is $208.79. The stock has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AMZN shares. Morgan Stanley cut their price objective on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Westpark Capital reissued a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Stifel Nicolaus cut their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Evercore ISI cut their price target on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, Truist Financial cut their price target on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.09.

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.