Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Thematics Asset Management

Thematics Asset Management cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 19,514 shares of the e-commerce giant's stock after selling 3,272 shares during the period. Thematics Asset Management's holdings in Amazon.com were worth $4,281,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMZN. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $27,000. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter worth approximately $35,000. Perritt Capital Management Inc grew its position in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com in the 4th quarter valued at $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. This trade represents a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now 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 quarter, insiders sold 80,798 shares of company stock worth $17,696,733. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Morgan Stanley dropped their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and set a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, Citigroup restated an "outperform" rating on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Price Performance

Shares of AMZN opened at $205.17 on Friday. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. 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 twelve month low of $151.61 and a twelve month high of $242.52. The company has a 50 day moving average of $189.15 and a two-hundred day moving average of $208.40.

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

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