Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,570,629 shares of the e-commerce giant's stock after selling 251,343 shares during the quarter. Amazon.com comprises approximately 1.5% of Allspring Global Investments Holdings LLC's holdings, making the stock its 3rd largest position. Allspring Global Investments Holdings LLC's holdings in Amazon.com were worth $878,338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Western Wealth Management LLC boosted its holdings in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares during the last quarter. Momentous Wealth Management Inc. acquired a new position in Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC increased its position in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after buying an additional 39,696 shares during the last quarter. Bearing Point Capital LLC bought a new position in shares of Amazon.com in the fourth quarter valued at about $12,014,000. Finally, Evergreen Capital Management LLC grew its holdings in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,339,470 shares of Amazon.com stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $229.39, for a total transaction of $536,651,023.30. Following the completion of the sale, the insider owned 887,933,999 shares of the company's stock, valued at $203,683,180,030.61. This trade represents a 0.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,947,939 shares of company stock valued at $4,720,588,785. 9.70% of the stock is owned by insiders.

Analyst Ratings Changes

AMZN has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, July 10th. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Wedbush restated an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Citizens Jmp assumed coverage on Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating for the company. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $254.33.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $3.63 during trading on Thursday, hitting $231.92. 30,348,364 shares of the company's stock were exchanged, compared to its average volume of 44,180,793. The business has a 50-day simple moving average of $214.60 and a 200-day simple moving average of $208.81. The stock has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 37.77, a PEG ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the firm earned $0.98 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.