Aspiriant LLC Sells 881 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Aspiriant LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,691 shares of the e-commerce giant’s stock after selling 881 shares during the quarter. Aspiriant LLC’s holdings in Amazon.com were worth $5,839,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management bought a new position in Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc increased its position in Amazon.com by 72.7% during 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 during the period. Compass Planning Associates Inc bought a new position in Amazon.com during the fourth quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Amazon.com during the fourth quarter worth about $54,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Oppenheimer raised their price target on shares of Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective on the stock in a research note on Friday, June 27th. Morgan Stanley reduced their price objective on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Truist Financial increased their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $245.60.

Amazon.com Stock Up 1.5%

Amazon.com stock opened at $223.13 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a 50 day moving average price of $206.44 and a two-hundred day moving average price of $208.52. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (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 firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter last year, the business earned $0.98 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other Amazon.com news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares of the company’s stock, valued at approximately $200,535,643,679.42. The trade was a 0.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,426,963 shares of company stock worth $757,297,707. 10.80% of the stock is owned by insiders.

About Amazon.com

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.