Amazon.com, Inc. (NASDAQ:AMZN) is Zevin Asset Management LLC’s 7th Largest Position

Zevin Asset Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,350 shares of the e-commerce giant’s stock after selling 2,313 shares during the quarter. Amazon.com accounts for approximately 3.9% of Zevin Asset Management LLC’s investment portfolio, making the stock its 7th largest position. Zevin Asset Management LLC’s holdings in Amazon.com were worth $24,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Liberty Capital Management Inc. boosted its stake in Amazon.com by 0.5% during the second quarter. Liberty Capital Management Inc. now owns 62,817 shares of the e-commerce giant’s stock worth $12,139,000 after buying an additional 311 shares during the period. Private Client Services LLC boosted its stake in Amazon.com by 1.0% during the second quarter. Private Client Services LLC now owns 8,974 shares of the e-commerce giant’s stock worth $1,734,000 after buying an additional 89 shares during the period. Meitav Investment House Ltd. boosted its stake in Amazon.com by 3.8% during the second quarter. Meitav Investment House Ltd. now owns 761,144 shares of the e-commerce giant’s stock worth $147,303,000 after buying an additional 27,842 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Amazon.com by 0.6% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 541,645 shares of the e-commerce giant’s stock worth $104,673,000 after buying an additional 2,970 shares during the period. Finally, Whittier Trust Co. boosted its stake in Amazon.com by 2.8% during the second quarter. Whittier Trust Co. now owns 1,037,779 shares of the e-commerce giant’s stock worth $200,550,000 after buying an additional 27,789 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JMP Securities lifted their price objective on shares of Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 3rd. Truist Financial lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research report on Friday, August 2nd. Robert W. Baird lifted their target price on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Finally, Cantor Fitzgerald started coverage on Amazon.com in a research report on Thursday, September 5th. They set an “overweight” rating and a $230.00 target price for the company. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $222.84.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $191.60 on Friday. The business’s 50 day moving average price is $178.54 and its 200 day moving average price is $182.04. The firm has a market cap of $1.99 trillion, a P/E ratio of 53.67, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

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.