First Manhattan CO. LLC. Sells 1,025 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

First Manhattan CO. LLC. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,283,109 shares of the e-commerce giant’s stock after selling 1,025 shares during the period. Amazon.com makes up 0.8% of First Manhattan CO. LLC.’s investment portfolio, making the stock its 23rd largest holding. First Manhattan CO. LLC.’s holdings in Amazon.com were worth $281,501,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $25,000. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management purchased a new position in Amazon.com during the 4th quarter worth $35,000. Finally, Perritt Capital Management Inc grew its stake in shares of Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 1.0%

NASDAQ:AMZN opened at $200.99 on Monday. The business’s fifty day moving average price is $190.05 and its 200 day moving average price is $208.80. The firm has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. DA Davidson cut their price objective on Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Truist Financial reduced their price target on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Insider Activity

In related news, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president now directly owns 47,030 shares of the company’s stock, valued at approximately $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

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.