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Amazon.com, Inc. (NASDAQ:AMZN) is Vaughan Nelson Investment Management L.P.'s 2nd Largest Position

Amazon.com logo with Retail/Wholesale background

Vaughan Nelson Investment Management L.P. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,485,263 shares of the e-commerce giant's stock after selling 92,169 shares during the quarter. Amazon.com accounts for 2.8% of Vaughan Nelson Investment Management L.P.'s holdings, making the stock its 2nd largest holding. Vaughan Nelson Investment Management L.P.'s holdings in Amazon.com were worth $282,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AMZN. Dover Advisors LLC lifted its stake in Amazon.com by 10.3% in the first quarter. Dover Advisors LLC now owns 27,943 shares of the e-commerce giant's stock worth $5,316,000 after acquiring an additional 2,614 shares during the last quarter. Everpar Advisors LLC raised its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Everpar Advisors LLC now owns 22,178 shares of the e-commerce giant's stock valued at $4,220,000 after purchasing an additional 246 shares in the last quarter. CRA Financial Services LLC raised its holdings in shares of Amazon.com by 0.7% in the 1st quarter. CRA Financial Services LLC now owns 135,250 shares of the e-commerce giant's stock valued at $25,733,000 after purchasing an additional 991 shares in the last quarter. Opal Wealth Advisors LLC lifted its position in shares of Amazon.com by 1.5% during the 1st quarter. Opal Wealth Advisors LLC now owns 11,073 shares of the e-commerce giant's stock worth $2,107,000 after purchasing an additional 168 shares during the last quarter. Finally, Armbruster Capital Management Inc. grew its stake in shares of Amazon.com by 39.9% during the first quarter. Armbruster Capital Management Inc. now owns 1,427 shares of the e-commerce giant's stock worth $272,000 after purchasing an additional 407 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Cantor Fitzgerald lifted their price target on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Tigress Financial raised their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Rosenblatt Securities upped their price target on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Oppenheimer increased their price target on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Finally, JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $245.81.

Get Our Latest Analysis on Amazon.com

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total value of $2,746,703.70. Following the completion of the transaction, the senior vice president owned 47,030 shares in the company, valued at approximately $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,537 shares of company stock valued at $20,061,100. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 1.8%

NASDAQ AMZN opened at $219.39 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.33 trillion, a P/E ratio of 35.73, a P/E/G ratio of 1.68 and a beta of 1.34. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a 50-day moving average price of $203.30 and a 200 day moving average price of $208.67.

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

About Amazon.com

(Free Report)

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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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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.

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