Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 134,920 shares of the e-commerce giant’s stock after selling 1,340 shares during the quarter. Amazon.com comprises approximately 4.9% of Arthur M. Cohen & Associates LLC’s holdings, making the stock its 7th largest holding. Arthur M. Cohen & Associates LLC’s holdings in Amazon.com were worth $25,670,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.2% during 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 in the last quarter. FMR LLC raised 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 buying an additional 1,725,664 shares during the period. Geode Capital Management LLC lifted its stake in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after buying an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after buying an additional 4,087,933 shares during the period. Finally, Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. JMP Securities restated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Piper Sandler reiterated an “overweight” rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Truist Financial cut their target price on Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Bank of America raised their price target on shares of Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now directly owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock worth $20,531,075 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $214.82 on Wednesday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm’s 50-day simple moving average is $196.86 and its 200 day simple moving average is $209.30. The firm has a market cap of $2.28 trillion, a price-to-earnings ratio of 34.99, a P/E/G ratio of 1.64 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period 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. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.