Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,227 shares of the e-commerce giant’s stock after selling 852 shares during the quarter. Amazon.com accounts for approximately 2.1% of Mcdaniel Terry & Co.’s portfolio, making the stock its 21st largest holding. Mcdaniel Terry & Co.’s holdings in Amazon.com were worth $23,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Western Wealth Management LLC grew its position 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 worth $26,660,000 after buying an additional 1,297 shares during the period. Momentous Wealth Management Inc. acquired a new position in Amazon.com during the fourth quarter worth about $749,000. Segall Bryant & Hamill LLC grew its position 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 worth $69,572,000 after buying an additional 39,696 shares during the period. Bearing Point Capital LLC acquired a new position in Amazon.com during the fourth quarter worth 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 institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMZN. Truist Financial increased their price target on shares of Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Benchmark reiterated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Cantor Fitzgerald increased their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. BNP Paribas Exane upgraded shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

Amazon.com Price Performance

AMZN opened at $226.13 on Monday. The company has a fifty day simple moving average of $213.50 and a 200 day simple moving average of $208.51. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 733,195 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the transaction, the insider directly owned 894,546,706 shares of the company’s stock, valued at approximately $203,079,993,196.12. This represents a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570. Company insiders own 10.80% of the company’s stock.

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.