H&H Retirement Design & Management INC Cuts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

H&H Retirement Design & Management INC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,943 shares of the e-commerce giant's stock after selling 1,427 shares during the period. Amazon.com accounts for 0.8% of H&H Retirement Design & Management INC's portfolio, making the stock its 27th largest position. H&H Retirement Design & Management INC's holdings in Amazon.com were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC lifted its position in Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC lifted its position in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new position in Amazon.com in the fourth quarter worth approximately $27,266,582,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on AMZN shares. Piper Sandler reiterated an "overweight" rating and issued a $212.00 price target (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Wells Fargo & Company decreased their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Citigroup reissued a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Finally, Jefferies Financial Group lowered their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $244.89.

Amazon.com Trading Up 2.7%

Shares of Amazon.com stock traded up $5.66 on Friday, reaching $213.57. The company had a trading volume of 39,746,466 shares, compared to its average volume of 42,103,488. The firm's 50 day moving average price is $191.84 and its two-hundred day moving average price is $208.71. The firm has a market cap of $2.27 trillion, a PE ratio of 38.62, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total transaction of $512,450.00. Following the sale, the chief executive officer now owns 517,050 shares of the company's stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 in the last 90 days. Corporate 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.