Amazon.com, Inc. (NASDAQ:AMZN) Position Reduced by Bessemer Group Inc.

Bessemer Group Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 10,676,767 shares of the e-commerce giant's stock after selling 11,381 shares during the period. Amazon.com accounts for about 3.6% of Bessemer Group Inc.'s portfolio, making the stock its 4th largest position. Bessemer Group Inc. owned 0.10% of Amazon.com worth $2,031,365,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Aurora Private Wealth Inc. boosted its stake in Amazon.com by 673.2% in the 1st quarter. Aurora Private Wealth Inc. now owns 127,141 shares of the e-commerce giant's stock worth $24,190,000 after purchasing an additional 110,697 shares in the last quarter. Kellett Wealth Advisors LLC increased its holdings in Amazon.com by 23.4% in the 1st quarter. Kellett Wealth Advisors LLC now owns 9,210 shares of the e-commerce giant's stock worth $1,752,000 after acquiring an additional 1,746 shares in the last quarter. MOKAN Wealth Management Inc. increased its holdings in Amazon.com by 11.6% in the 1st quarter. MOKAN Wealth Management Inc. now owns 24,621 shares of the e-commerce giant's stock worth $4,685,000 after acquiring an additional 2,553 shares in the last quarter. waypoint wealth counsel grew its holdings in shares of Amazon.com by 6.2% during the first quarter. waypoint wealth counsel now owns 13,394 shares of the e-commerce giant's stock worth $2,548,000 after buying an additional 777 shares in the last quarter. Finally, Berkshire Money Management Inc. grew its holdings in shares of Amazon.com by 2.0% during the first quarter. Berkshire Money Management Inc. now owns 9,555 shares of the e-commerce giant's stock worth $1,818,000 after buying an additional 188 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. JMP Securities boosted their target price on Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Tigress Financial boosted their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Citizens Jmp initiated coverage on Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Finally, Piper Sandler set a $250.00 price target on Amazon.com and gave the stock an "overweight" rating in a report on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.35.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 733,195 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the sale, the insider owned 894,546,706 shares of the company's stock, valued at $203,079,993,196.12. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares of the company's stock, valued at $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570 over the last 90 days. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $223.88 on Friday. The firm has a market cap of $2.38 trillion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm's 50-day simple moving average is $212.84 and its 200-day simple moving average is $208.62. 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 (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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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