DDD Partners LLC Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

DDD Partners LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,576 shares of the e-commerce giant’s stock after selling 10,552 shares during the period. Amazon.com makes up 4.0% of DDD Partners LLC’s portfolio, making the stock its 4th largest holding. DDD Partners LLC’s holdings in Amazon.com were worth $32,644,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Schrum Private Wealth Management LLC grew its stake in shares of Amazon.com by 19.5% in the 1st quarter. Schrum Private Wealth Management LLC now owns 2,014 shares of the e-commerce giant’s stock worth $383,000 after buying an additional 328 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in shares of Amazon.com by 2.1% in the 1st quarter. Bridgewater Advisors Inc. now owns 66,913 shares of the e-commerce giant’s stock worth $12,539,000 after buying an additional 1,356 shares in the last quarter. Tectonic Advisors LLC grew its stake in shares of Amazon.com by 9.3% in the 1st quarter. Tectonic Advisors LLC now owns 17,377 shares of the e-commerce giant’s stock worth $3,306,000 after buying an additional 1,480 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of Amazon.com by 1.0% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 261,171 shares of the e-commerce giant’s stock worth $49,690,000 after buying an additional 2,499 shares in the last quarter. Finally, Grange Capital LLC grew its stake in shares of Amazon.com by 4.3% in the 1st quarter. Grange Capital LLC now owns 4,945 shares of the e-commerce giant’s stock worth $941,000 after buying an additional 202 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.4%

Shares of AMZN opened at $224.66 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm has a 50-day moving average price of $220.60 and a 200 day moving average price of $208.72. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 34.25, a P/E/G ratio of 1.49 and a beta of 1.31.

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, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $1.26 earnings per share. Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Monday, July 28th. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Wedbush lifted their price target on shares of Amazon.com from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Truist Financial lifted their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Wednesday. One 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $262.45.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,096,253 shares of company stock valued at $5,673,745,409 in the last three months. 9.70% of the stock is currently owned by 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.