BLB&B Advisors LLC Sells 2,873 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• BLB&B Advisors LLC has decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8%, now holding 154,540 shares valued at approximately $29.4 million.
• Amazon's quarterly earnings for May 1st showed EPS of $1.59, surpassing estimates by $0.21, with a revenue of $155.67 billion.
• Insider Jeffrey P. Bezos sold 2.64 million shares of Amazon stock for a total of $609 million, representing a 0.30% decrease in his ownership.

BLB&B Advisors LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,540 shares of the e-commerce giant's stock after selling 2,873 shares during the quarter. Amazon.com makes up about 1.5% of BLB&B Advisors LLC's holdings, making the stock its 18th biggest position. BLB&B Advisors LLC's holdings in Amazon.com were worth $29,403,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new position in shares of Amazon.com during the 4th quarter worth $800,000. LaFleur & Godfrey LLC increased its stake in shares of Amazon.com by 1.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG increased its stake in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 25,102,037 shares of company stock valued at $5,674,871,223 over the last ninety days. Insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMZN shares. Truist Financial increased their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada lowered their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Piper Sandler set a $250.00 target price on shares of Amazon.com and gave the company an "overweight" rating in a research note on Friday, July 11th. Westpark Capital reiterated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $255.21.

Amazon.com Price Performance

AMZN stock traded down $1.89 during trading on Tuesday, hitting $230.90. 8,528,015 shares of the stock traded hands, compared to its average volume of 43,771,383. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a market cap of $2.45 trillion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 1.72 and a beta of 1.33. The company has a 50 day simple moving average of $216.19 and a 200 day simple moving average of $208.82. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same period last year, the firm posted $0.98 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com 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.