Emerald Advisers LLC Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

Emerald Advisers LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 19.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,068 shares of the e-commerce giant’s stock after selling 4,463 shares during the period. Emerald Advisers LLC’s holdings in Amazon.com were worth $3,628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter valued at $35,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter valued at about $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Monness Crespi & Hardt raised their price objective on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Piper Sandler raised their price objective on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $262.45.

Amazon.com Price Performance

AMZN stock opened at $222.69 on Friday. The firm has a 50 day moving average price of $219.65 and a 200-day moving average price of $208.98. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.95, a PEG ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last released its 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 net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the business earned $1.26 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 25,102,037 shares of company stock worth $5,674,937,048 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

About Amazon.com

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.