Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Cut by TI Trust Inc.

TI Trust Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,740 shares of the e-commerce giant’s stock after selling 73 shares during the quarter. TI Trust Inc.’s holdings in Amazon.com were worth $331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc boosted its stake 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 worth $42,000 after acquiring an additional 80 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter worth $40,000. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com during the 1st quarter worth $42,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock worth $3,210,622,570 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Piper Sandler set a $250.00 price objective on Amazon.com and gave the stock an “overweight” rating in a research note on Friday, July 11th. Telsey Advisory Group reissued an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, July 10th. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Truist Financial raised their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group reduced their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

Amazon.com Trading Up 1.0%

Amazon.com stock opened at $226.13 on Friday. 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 business’s 50-day simple moving average is $213.50 and its 200-day simple moving average is $208.67. The firm has a market capitalization of $2.40 trillion, a PE ratio of 36.83, a PEG ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. Equities research analysts forecast 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.