Sawgrass Asset Management LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,228 shares of the e-commerce giant's stock after selling 22,386 shares during the quarter. Amazon.com makes up about 3.6% of Sawgrass Asset Management LLC's portfolio, making the stock its 4th biggest holding. Sawgrass Asset Management LLC's holdings in Amazon.com were worth $29,534,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. boosted its position in shares of Amazon.com by 2.2% during 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 acquiring an additional 17,635,391 shares during the last quarter. FMR LLC boosted its position in shares of Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Amazon.com by 2.5% during the 4th 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 acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Amazon.com by 2.3% during the 4th 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 acquiring an additional 4,087,933 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter valued at about $27,266,582,000. Institutional investors and hedge funds own 72.20% of the company's stock.
Amazon.com Trading Up 0.3%
AMZN traded up $0.69 during midday trading on Thursday, hitting $223.88. The company's stock had a trading volume of 31,769,801 shares, compared to its average volume of 42,044,088. 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 firm has a market cap of $2.38 trillion, a P/E ratio of 36.46, a PEG ratio of 1.67 and a beta of 1.33. The firm has a 50-day moving average price of $212.84 and a two-hundred day moving average price of $208.62. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 company had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Insider Activity
In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. The trade was a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 733,195 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the sale, the insider owned 894,546,706 shares of the company's stock, valued at $203,079,993,196.12. The trade was a 0.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 in the last 90 days. 9.70% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AMZN. Bank of America boosted their price target on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Needham & Company LLC restated a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Scotiabank reduced their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $250.35.
Read Our Latest Research Report on Amazon.com
Amazon.com Company Profile
(
Free Report)
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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