Amazon.com, Inc. (NASDAQ:AMZN) is Bank of New York Mellon Corp's 4th Largest Position

Key Points

• Bank of New York Mellon Corp reduced its stake in Amazon.com by 3.3%, selling over 2.2 million shares, and now holds about $12.34 billion worth of the company's stock.
• Amazon's most recent earnings report revealed a net margin of 10.14% and revenue of $155.67 billion, surpassing analyst expectations for the quarter.
• Insider Jeffrey P. Bezos recently sold over 4 million shares of Amazon stock, valued at approximately $961 million, reducing his ownership by 0.47%.

Bank of New York Mellon Corp cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,849,433 shares of the e-commerce giant's stock after selling 2,242,994 shares during the quarter. Amazon.com comprises 2.4% of Bank of New York Mellon Corp's portfolio, making the stock its 4th biggest position. Bank of New York Mellon Corp owned about 0.61% of Amazon.com worth $12,338,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter worth about $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the first quarter worth about $40,000. Finally, Perritt Capital Management Inc boosted its position in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. UBS Group reaffirmed a "buy" rating and issued a $271.00 target price (up previously from $249.00) on shares of Amazon.com in a research report on Monday. JMP Securities reaffirmed a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday. Wells Fargo & Company upped their target price on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Friday. Finally, Citizens Jmp began coverage on Amazon.com in a research report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Three research analysts have rated the stock with a hold rating, forty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $260.85.

Amazon.com Price Performance

NASDAQ AMZN traded down $19.36 on Friday, reaching $214.75. 122,007,379 shares of the stock traded hands, compared to its average volume of 37,811,656. The firm's fifty day simple moving average is $217.93 and its 200 day simple moving average is $209.23. 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 company has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.74 and a beta of 1.31. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Company insiders own 9.70% of the company's stock.

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.