Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Smith Moore & CO.

Smith Moore & CO. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,233 shares of the e-commerce giant's stock after selling 1,755 shares during the period. Amazon.com comprises approximately 0.8% of Smith Moore & CO.'s holdings, making the stock its 23rd biggest position. Smith Moore & CO.'s holdings in Amazon.com were worth $8,827,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Swedbank AB increased its holdings in shares of Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after acquiring an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC bought a new position in Amazon.com in the 3rd quarter worth about $279,000. Howard Capital Management Group LLC increased its stake in shares of Amazon.com by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after purchasing an additional 897 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after buying an additional 984,570 shares during the last quarter. Finally, Nwam LLC boosted its position in shares of Amazon.com by 8.4% during the third quarter. Nwam LLC now owns 161,646 shares of the e-commerce giant's stock worth $30,119,000 after buying an additional 12,459 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm'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 value of $4,585,989.60. Following the completion of the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN opened at $189.98 on Friday. The company has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business's 50-day moving average is $190.48 and its 200-day moving average is $207.92. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several analyst reports. Bank of America lowered their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Rosenblatt Securities upped their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday. UBS Group decreased their target price on shares of Amazon.com from $272.00 to $253.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. DA Davidson dropped their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $212.00 price objective (down from $215.00) on shares of Amazon.com in a report on Friday. Three investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $243.55.

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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