Amazon.com, Inc. (NASDAQ:AMZN) is International Assets Investment Management LLC’s 8th Largest Position

International Assets Investment Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,640 shares of the e-commerce giant’s stock after selling 341 shares during the period. Amazon.com comprises 1.1% of International Assets Investment Management LLC’s investment portfolio, making the stock its 8th biggest position. International Assets Investment Management LLC’s holdings in Amazon.com were worth $39,886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc boosted its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the 1st quarter valued at about $40,000. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the first quarter valued at about $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the sale, the chief executive officer owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was 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. Insiders have sold 13,602,037 shares of company stock worth $3,044,172,641 in the last quarter. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 0.3%

Shares of Amazon.com stock opened at $226.35 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $211.52 and a 200-day simple moving average of $208.50. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.86, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month 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 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 during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMZN shares. Royal Bank Of Canada decreased their target price on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus decreased their price objective on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Truist Financial lifted their target price on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Citizens Jmp began coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. Finally, Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $249.42.

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.