Moloney Securities Asset Management LLC Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Moloney Securities Asset Management LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,273 shares of the e-commerce giant’s stock after selling 4,554 shares during the quarter. Amazon.com accounts for approximately 2.0% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Moloney Securities Asset Management LLC’s holdings in Amazon.com were worth $14,512,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMZN. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $27,000. LSV Asset Management bought a new stake in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% during the fourth 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. Cooksen Wealth LLC bought a new stake in Amazon.com during the first quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Amazon.com during the first quarter worth $40,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMZN. UBS Group reaffirmed a “buy” rating and set a $271.00 price target (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Telsey Advisory Group upped their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Friday. Westpark Capital reiterated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday. Cantor Fitzgerald upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday. Finally, Citigroup upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $262.45.

Amazon.com Trading Down 1.4%

Shares of Amazon.com stock opened at $211.65 on Tuesday. The company has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.57 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm’s 50-day moving average price is $218.42 and its two-hundred day moving average price is $208.93.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 25,099,537 shares of company stock valued at $5,674,394,548 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

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.