Norman Fields Gottscho Capital Management LLC Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Norman Fields Gottscho Capital Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,317 shares of the e-commerce giant’s stock after selling 808 shares during the quarter. Amazon.com comprises approximately 2.7% of Norman Fields Gottscho Capital Management LLC’s portfolio, making the stock its 10th largest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Amazon.com were worth $8,051,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter worth $27,000. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc grew its position in Amazon.com by 72.7% in the fourth 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. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com in the fourth quarter worth $51,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AMZN shares. Cantor Fitzgerald upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Raymond James reiterated an “outperform” rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Finally, Piper Sandler restated an “overweight” rating and set a $212.00 price target (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $244.89.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $216.98 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a 50 day simple moving average of $192.26 and a two-hundred day simple moving average of $208.96. The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.24, a P/E/G ratio of 1.50 and a beta of 1.33. 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 announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company’s stock, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,037 shares of company stock valued at $20,531,075. Corporate insiders own 9.70% of the company’s stock.

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.