Analyst IMS Investment Management Services Ltd. Lowers Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Analyst IMS Investment Management Services Ltd. cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,831 shares of the e-commerce giant's stock after selling 3,358 shares during the period. Amazon.com accounts for 0.7% of Analyst IMS Investment Management Services Ltd.'s holdings, making the stock its 15th biggest holding. Analyst IMS Investment Management Services Ltd.'s holdings in Amazon.com were worth $17,282,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Tallon Kerry Patrick bought a new position in shares of Amazon.com during the 4th quarter worth $800,000. Capital & Planning LLC lifted its stake in shares of Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC boosted its position in Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC boosted its position in Amazon.com by 10.9% during the fourth 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 in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Amazon.com during the fourth quarter valued at about $301,650,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. The Goldman Sachs Group dropped their price objective on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Rosenblatt Securities raised their price objective on Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Piper Sandler reaffirmed an "overweight" rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Wells Fargo & Company raised their price target on Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $248.24.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated 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 transaction, the senior vice president directly owned 47,030 shares of the company's stock, valued at $9,519,342.30. The trade was a 22.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. Corporate insiders own 9.70% of the company's stock.

Amazon.com Stock Down 0.1%

NASDAQ:AMZN traded down $0.28 during trading hours on Thursday, hitting $222.26. 30,243,964 shares of the company traded hands, compared to its average volume of 42,065,232. 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 firm's 50-day simple moving average is $209.20 and its 200-day simple moving average is $208.66. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.36 trillion, a PE ratio of 36.20, a PEG ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its 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 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 business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.