Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,308 shares of the e-commerce giant’s stock after selling 1,145 shares during the quarter. Van Cleef Asset Management Inc’s holdings in Amazon.com were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Northern Capital Management Inc. increased its stake in shares of Amazon.com by 0.6% during the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after acquiring an additional 45 shares during the last quarter. Balanced Wealth Group LLC increased its stake in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after acquiring an additional 48 shares during the last quarter. ETF Store Inc. increased its stake in shares of Amazon.com by 2.1% during the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after acquiring an additional 48 shares during the last quarter. Chatham Capital Group Inc. increased its stake in shares of Amazon.com by 0.8% during the 4th quarter. Chatham Capital Group Inc. now owns 6,019 shares of the e-commerce giant’s stock valued at $1,321,000 after acquiring an additional 50 shares during the last quarter. Finally, Foundry Financial Group Inc. increased its stake in shares of Amazon.com by 3.5% during the 4th quarter. Foundry Financial Group Inc. now owns 1,507 shares of the e-commerce giant’s stock valued at $331,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 25,099,537 shares of company stock worth $5,674,394,548 in the last quarter. Company insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. HSBC upped their price objective on shares of Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Monness Crespi & Hardt boosted their target price on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday. Scotiabank boosted their target price on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. Piper Sandler boosted their target price on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a report on Friday. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $262.45.

Amazon.com Stock Performance

Amazon.com stock opened at $211.65 on Tuesday. The stock has a market cap of $2.25 trillion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $218.42 and a 200-day moving average of $208.93. 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 results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the company posted $1.26 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.