Amazon.com, Inc. (NASDAQ:AMZN) Holdings Reduced by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,957,889 shares of the e-commerce giant's stock after selling 178,720 shares during the period. Amazon.com accounts for 4.2% of Alliancebernstein L.P.'s holdings, making the stock its 3rd biggest holding. Alliancebernstein L.P. owned 0.54% of Amazon.com worth $12,495,991,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc raised its holdings in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $27,000. Icon Wealth Advisors LLC raised its holdings in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC raised its holdings in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Mizuho lowered their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Oppenheimer lowered their target price on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday. Bank of America lowered their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler restated an "overweight" rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $246.50.

Amazon.com Stock Down 1.6 %

Shares of Amazon.com stock opened at $184.42 on Thursday. The firm's 50 day moving average price is $191.39 and its 200-day moving average price is $207.74. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a market cap of $1.96 trillion, a P/E ratio of 33.35, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. Insiders own 10.80% of the company's stock.

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.

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