Amazon.com, Inc. (NASDAQ:AMZN) is Simmons Bank's 9th Largest Position

Key Points

• Simmons Bank reduced its stake in Amazon.com by 3.7%, holding approximately 120,732 shares valued at about $22.97 million, making it the bank's 9th largest position.
• Insider Jeffrey P. Bezos sold 4.27 million shares of Amazon stock, totaling nearly $960.67 million, and still retains 897.72 million shares valued over $201.81 billion.
• Amazon reported quarterly earnings of $1.59 per share, exceeding expectations, with revenues of $155.67 billion, showing an 8.6% year-over-year growth.

Simmons Bank cut its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,732 shares of the e-commerce giant's stock after selling 4,576 shares during the quarter. Amazon.com comprises about 1.7% of Simmons Bank's holdings, making the stock its 9th biggest holding. Simmons Bank's holdings in Amazon.com were worth $22,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com during the 4th quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management bought a new stake in Amazon.com during the 4th quarter valued at about $35,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter valued at about $40,000. Finally, Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $19.36 during midday trading on Friday, reaching $214.75. 122,007,379 shares of the stock were exchanged, compared to its average volume of 37,811,656. The firm has a 50-day simple moving average of $217.93 and a two-hundred day simple moving average of $209.23. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.74 and a beta of 1.31. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter last year, the company earned $1.26 EPS. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 25,099,537 shares of company stock worth $5,674,394,548 over the last ninety days. 9.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday. Tigress Financial lifted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Wells Fargo & Company lifted their price target on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday. Scotiabank boosted 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. Finally, Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, forty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $260.85.

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.