Amazon.com, Inc. (NASDAQ:AMZN) Holdings Decreased by Cooper Capital Advisors LLC

Key Points

• Cooper Capital Advisors LLC reduced its holdings in Amazon.com by 11.0% in Q1, now owning 28,345 shares valued at approximately $5.39 million.
• Multiple analysts have upgraded their target prices for Amazon.com, with a consensus target price now at $262.45 and a majority rating the stock as a "Buy."
• Insider Jeffrey P. Bezos sold over 4.2 million shares recently, representing a decrease in his holdings by 0.47%, while the company insiders collectively own about 10.80% of the stock.

Cooper Capital Advisors LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,345 shares of the e-commerce giant's stock after selling 3,518 shares during the quarter. Amazon.com accounts for approximately 5.8% of Cooper Capital Advisors LLC's holdings, making the stock its 8th biggest position. Cooper Capital Advisors LLC's holdings in Amazon.com were worth $5,393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter valued at about $35,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. UBS Group restated a "buy" rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Stifel Nicolaus boosted their target price on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research note on Friday, August 1st. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research report on Friday, June 27th. Finally, Moffett Nathanson boosted their price target on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $262.45.

Amazon.com Stock Up 1.0%

NASDAQ AMZN opened at $213.75 on Wednesday. The firm has a market cap of $2.28 trillion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock's 50 day simple moving average is $218.57 and its 200 day simple moving average is $208.96. Amazon.com, Inc. has a one year low of $158.54 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 25,102,037 shares of company stock valued at $5,674,937,048. 10.80% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.