Robertson Stephens Wealth Management LLC Sells 8,182 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Robertson Stephens Wealth Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,249 shares of the e-commerce giant's stock after selling 8,182 shares during the period. Amazon.com makes up 0.9% of Robertson Stephens Wealth Management LLC's investment portfolio, making the stock its 20th largest holding. Robertson Stephens Wealth Management LLC's holdings in Amazon.com were worth $26,874,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AMZN. Norges Bank purchased a new stake in Amazon.com in the 4th quarter valued at $27,266,582,000. GAMMA Investing LLC raised its position in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Capital World Investors raised its position in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. raised its position in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $4.11 during trading hours on Tuesday, reaching $219.36. 45,579,231 shares of the stock traded hands, compared to its average volume of 42,053,977. The company has a market capitalization of $2.33 trillion, a P/E ratio of 35.73, a price-to-earnings-growth ratio of 1.68 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. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company's 50-day simple moving average is $207.80 and its two-hundred day simple moving average is $208.58.

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, topping 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 period in the previous year, the firm earned $0.98 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In other news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total value of $2,746,703.70. Following the transaction, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,401,408 shares of company stock valued at $1,423,159,137. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. JPMorgan Chase & Co. increased their price target on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Barclays decreased their target price on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Westpark Capital reaffirmed a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $246.41.

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.