Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by Bradley & Co. Private Wealth Management LLC

Key Points

• Bradley & Co. Private Wealth Management LLC reduced its position in Amazon.com Inc. by 7.3%, retaining 47,992 shares worth approximately $9.13 million, making it the firm's 8th biggest position.
• Vanguard Group Inc. and other institutional investors increased their stakes in Amazon.com, with Vanguard owning over 823 million shares, valued at approximately $180.6 billion.
• Amazon.com reported a quarterly EPS of $1.68, exceeding expectations, and generated $167.70 billion in revenue, marking a 13.3% increase year-over-year.

Bradley & Co. Private Wealth Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,992 shares of the e-commerce giant's stock after selling 3,783 shares during the period. Amazon.com accounts for approximately 6.2% of Bradley & Co. Private Wealth Management LLC's portfolio, making the stock its 8th biggest holding. Bradley & Co. Private Wealth Management LLC's holdings in Amazon.com were worth $9,131,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the fourth quarter worth $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc increased 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 acquiring an additional 80 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter worth $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AMZN shares. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a report on Friday, August 1st. Canaccord Genuity Group reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, DA Davidson lifted their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Buy" and a consensus price target of $262.45.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $0.17 during midday trading on Tuesday, reaching $221.47. The company's stock had a trading volume of 37,075,084 shares, compared to its average volume of 44,927,371. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $219.94 and a 200 day moving average price of $208.52. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.36 trillion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business's revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 25,101,037 shares of company stock valued at $5,674,726,368 over the last quarter. Company insiders own 10.80% of the company's stock.

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.