Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Perpetual Ltd

Perpetual Ltd decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,803 shares of the e-commerce giant's stock after selling 19,693 shares during the quarter. Perpetual Ltd's holdings in Amazon.com were worth $80,633,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Western Wealth Management LLC raised its position in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Momentous Wealth Management Inc. purchased a new position in Amazon.com during the fourth quarter worth about $749,000. Segall Bryant & Hamill LLC boosted its stake in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Bearing Point Capital LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at approximately $12,014,000. Finally, Evergreen Capital Management LLC lifted its stake in Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after acquiring an additional 1,198 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.0%

Shares of Amazon.com stock opened at $226.13 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.40 trillion, a P/E ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. 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 business's 50 day moving average is $213.50 and its 200-day moving average is $208.59.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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 return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Benchmark reaffirmed a "buy" rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Royal Bank Of Canada cut their price objective on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Morgan Stanley increased their target price on shares of Amazon.com from $250.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Piper Sandler set a $250.00 price target on shares of Amazon.com and gave the stock an "overweight" rating in a research 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 issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $250.35.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,335,232 shares of company stock worth $3,210,622,570. Insiders own 9.70% of the company's stock.

About Amazon.com

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.

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