Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lowered by Artemis Investment Management LLP

Artemis Investment Management LLP lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 31.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,116,126 shares of the e-commerce giant’s stock after selling 510,597 shares during the quarter. Amazon.com comprises approximately 3.2% of Artemis Investment Management LLP’s portfolio, making the stock its 3rd largest position. Artemis Investment Management LLP’s holdings in Amazon.com were worth $207,968,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Deltec Asset Management LLC raised its position in Amazon.com by 8.5% in the first quarter. Deltec Asset Management LLC now owns 195,695 shares of the e-commerce giant’s stock valued at $35,299,000 after purchasing an additional 15,253 shares during the period. Strata Wealth Advisors LLC raised its position in Amazon.com by 5.7% in the first quarter. Strata Wealth Advisors LLC now owns 4,899 shares of the e-commerce giant’s stock valued at $884,000 after purchasing an additional 264 shares during the period. Chatham Capital Group Inc. raised its position in Amazon.com by 5.5% in the first quarter. Chatham Capital Group Inc. now owns 5,699 shares of the e-commerce giant’s stock valued at $1,028,000 after purchasing an additional 298 shares during the period. WJ Wealth Management LLC raised its position in Amazon.com by 2.7% in the first quarter. WJ Wealth Management LLC now owns 20,002 shares of the e-commerce giant’s stock valued at $3,608,000 after purchasing an additional 534 shares during the period. Finally, Blue Zone Wealth Advisors LLC raised its position in Amazon.com by 0.6% in the first quarter. Blue Zone Wealth Advisors LLC now owns 30,456 shares of the e-commerce giant’s stock valued at $5,494,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $195.78 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. Amazon.com, Inc. has a 1 year low of $138.36 and a 1 year high of $201.20. The stock’s 50-day moving average is $185.23 and its two-hundred day moving average is $183.89. The firm has a market cap of $2.05 trillion, a price-to-earnings ratio of 41.92, a PEG ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the company posted $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 4.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday. Piper Sandler boosted their target price on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday. DA Davidson restated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, TD Cowen boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $246.48.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock valued at $9,215,048 over the last quarter. 10.80% 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.