Annis Gardner Whiting Capital Advisors LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 29.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,738 shares of the e-commerce giant’s stock after selling 11,378 shares during the period. Amazon.com comprises about 2.2% of Annis Gardner Whiting Capital Advisors LLC’s holdings, making the stock its 5th largest position. Annis Gardner Whiting Capital Advisors LLC’s holdings in Amazon.com were worth $5,278,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in AMZN. GAMMA Investing LLC lifted its holdings in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors lifted its holdings in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Capital International Investors lifted its holdings in shares of Amazon.com by 26.5% in the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant’s stock valued at $12,564,961,000 after purchasing an additional 12,000,745 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Amazon.com by 14.0% in the 4th quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant’s stock valued at $21,297,564,000 after purchasing an additional 11,926,749 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Amazon.com in the 4th quarter valued at about $2,037,963,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Performance
NASDAQ AMZN opened at $232.33 on Friday. 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 business’s 50 day moving average is $225.74 and its two-hundred day moving average is $208.13. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30.
Insider Transactions at Amazon.com
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred 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 owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. Insiders own 9.70% of the company’s stock.
Wall Street Analyst Weigh In
AMZN has been the subject of several research reports. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Zacks Research downgraded Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Monness Crespi & Hardt boosted their price target on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. BMO Capital Markets boosted their price target on Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Truist Financial boosted their price target on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $262.87.
Check Out Our Latest Report on Amazon.com
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.
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