Intelligence Driven Advisers LLC Has $1.39 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Intelligence Driven Advisers LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 30.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,317 shares of the e-commerce giant's stock after selling 3,223 shares during the period. Intelligence Driven Advisers LLC's holdings in Amazon.com were worth $1,392,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMZN. Westside Investment Management Inc. boosted its position in Amazon.com by 1.1% during the first quarter. Westside Investment Management Inc. now owns 54,115 shares of the e-commerce giant's stock valued at $10,324,000 after purchasing an additional 610 shares during the last quarter. Nicholson Meyer Capital Management Inc. purchased a new stake in shares of Amazon.com during the 1st quarter worth about $1,201,000. Nabity Jensen Investment Management Inc raised its stake in shares of Amazon.com by 1.4% during the 1st quarter. Nabity Jensen Investment Management Inc now owns 8,890 shares of the e-commerce giant's stock worth $1,691,000 after purchasing an additional 121 shares in the last quarter. Argent Advisors Inc. raised its stake in shares of Amazon.com by 697.6% during the 1st quarter. Argent Advisors Inc. now owns 11,797 shares of the e-commerce giant's stock worth $2,244,000 after purchasing an additional 10,318 shares in the last quarter. Finally, Valley National Advisers Inc. raised its stake in shares of Amazon.com by 2.0% during the 1st quarter. Valley National Advisers Inc. now owns 35,749 shares of the e-commerce giant's stock worth $6,801,000 after purchasing an additional 705 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN stock traded up $1.35 during trading on Monday, hitting $232.79. The company had a trading volume of 26,233,111 shares, compared to its average volume of 35,876,868. The company has a fifty day moving average price of $216.19 and a two-hundred day moving average price 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. The company has a market cap of $2.47 trillion, a P/E ratio of 37.91, a P/E/G ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wedbush reaffirmed an "outperform" rating and set a $235.00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Moffett Nathanson raised their price target on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Tigress Financial raised their price target on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. raised their price target on Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, Piper Sandler set a $250.00 price objective on Amazon.com and gave the company an "overweight" rating in a report on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $254.71.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 25,102,037 shares of company stock valued at $5,674,871,223 over the last quarter. 10.80% of the stock is currently owned by insiders.

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.