Amazon.com, Inc. (NASDAQ:AMZN) Position Lessened by Colonial River Investments LLC

Colonial River Investments LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,509 shares of the e-commerce giant's stock after selling 1,994 shares during the period. Amazon.com accounts for 3.2% of Colonial River Investments LLC's portfolio, making the stock its 6th biggest position. Colonial River Investments LLC's holdings in Amazon.com were worth $5,805,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC boosted its position in shares of Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors boosted its position in shares of Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on AMZN. Evercore ISI dropped their target price on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Piper Sandler set a $250.00 target price on Amazon.com and gave the stock an "overweight" rating in a report on Friday, July 11th. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. BMO Capital Markets boosted their target price on Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Westpark Capital reissued a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $253.98.

Amazon.com Stock Performance

Shares of AMZN opened at $227.47 on Wednesday. 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 business has a 50-day simple moving average of $213.50 and a two-hundred day simple moving average of $208.51. The stock has a market cap of $2.41 trillion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.71 and a beta of 1.33. 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 issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during 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 business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 733,195 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the transaction, the insider owned 894,546,706 shares of the company's stock, valued at $203,079,993,196.12. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the transaction, the chief executive officer directly owned 514,550 shares of the company's stock, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,335,232 shares of company stock valued at $3,210,622,570. Company insiders own 10.80% of the company's stock.

About Amazon.com

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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