Amazon.com, Inc. (NASDAQ:AMZN) is Artemis Investment Management LLP’s 3rd Largest Position

Artemis Investment Management LLP trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 929,804 shares of the e-commerce giant’s stock after selling 238,769 shares during the period. Amazon.com comprises approximately 2.7% of Artemis Investment Management LLP’s portfolio, making the stock its 3rd biggest holding. Artemis Investment Management LLP’s holdings in Amazon.com were worth $176,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Western Wealth Management LLC raised its holdings in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. bought a new position in Amazon.com during the fourth quarter valued at about $749,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Bearing Point Capital LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $12,014,000. Finally, Evergreen Capital Management LLC grew its position in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock worth $3,210,622,570 in the last three months. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMZN. Oppenheimer raised their price target on Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Tigress Financial lifted their target price on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Moffett Nathanson lifted their target price on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group decreased their target price on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $250.35.

Amazon.com Stock Performance

Shares of AMZN stock opened at $226.13 on Monday. The stock has a market capitalization of $2.40 trillion, a P/E ratio of 36.83, a PEG ratio of 1.69 and a beta of 1.33. 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 firm’s 50 day moving average is $213.50 and its 200 day moving average is $208.51. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its 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 business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the prior year, the company posted $0.98 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate 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.