Lbp Am Sa Sells 30,018 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Lbp Am Sa reduced its holdings in Amazon.com by 1.8%, now controlling 1,603,137 shares valued at approximately $305 million, making it the fund's third largest position.
• In the first quarter, multiple hedge funds increased their stakes in Amazon.com, with Twelve Points Wealth Management LLC leading at a 60.4% increase.
• Amazon.com reported earnings of $1.68 per share for the last quarter, exceeding estimates and achieving a revenue of $167.70 billion, which reflects a year-over-year growth of 13.3%.

LBP AM SA lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,603,137 shares of the e-commerce giant's stock after selling 30,018 shares during the period. Amazon.com makes up about 4.7% of LBP AM SA's investment portfolio, making the stock its 3rd largest holding. LBP AM SA's holdings in Amazon.com were worth $305,013,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of AMZN. Brighton Jones LLC lifted its stake in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE lifted its position in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $2,153,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 25,102,037 shares of company stock worth $5,674,937,048. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Up 3.9%

Shares of Amazon.com stock traded up $8.44 during trading on Wednesday, hitting $222.19. 54,656,017 shares of the stock traded hands, compared to its average volume of 45,179,059. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.37 trillion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31. The stock's fifty day simple moving average is $218.57 and its 200 day simple moving average is $208.96. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the company earned $1.26 earnings per share. The company's quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMZN shares. Scotiabank increased their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Pivotal Research boosted their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Truist Financial boosted their price target on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $262.45.

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.