Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Cut by Epiq Partners LLC

Epiq Partners LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,639 shares of the e-commerce giant’s stock after selling 97 shares during the period. Epiq Partners LLC’s holdings in Amazon.com were worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Cooksen Wealth LLC acquired a new stake in Amazon.com in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC acquired a new stake in Amazon.com in the 4th quarter valued at about $43,000. Harbor Investment Advisory LLC lifted its holdings in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. acquired a new stake in Amazon.com in the 4th quarter valued at about $46,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMZN shares. Moffett Nathanson reissued a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Evercore ISI upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Barclays upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Maxim Group reduced their price objective on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $215.86.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,548 shares of company stock valued at $12,180,239. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 2.0 %

Shares of AMZN stock opened at $197.20 on Tuesday. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.05 trillion, a PE ratio of 55.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The business’s 50 day moving average is $183.87 and its two-hundred day moving average is $173.28.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the prior year, the business earned $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current 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.