Stephens Inc. AR Sells 12,905 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Stephens Inc. AR has reduced its stake in Amazon.com, Inc. by 2.7%, now holding 474,068 shares valued at approximately $90.2 million, making it their 10th largest holding.
• Amazon.com reported earnings per share (EPS) of $1.68 for the last quarter, exceeding expectations, with revenues of $167.7 billion, a 13.3% increase from the previous year.
• Insiders, including Jeff Bezos, sold significant amounts of Amazon shares, totaling over $5.67 billion in sales over the last 90 days, while institutional investors hold 72.20% of the stock.

Stephens Inc. AR cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 474,068 shares of the e-commerce giant's stock after selling 12,905 shares during the period. Amazon.com makes up about 1.3% of Stephens Inc. AR's holdings, making the stock its 10th biggest position. Stephens Inc. AR's holdings in Amazon.com were worth $90,196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake 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 valued at $180,637,081,000 after purchasing an additional 17,635,391 shares in the last quarter. FMR LLC grew its stake in Amazon.com by 0.5% in 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 in the last quarter. Geode Capital Management LLC grew its stake in Amazon.com by 2.5% in 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Amazon.com by 2.3% in 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 in the last quarter. Finally, Norges Bank purchased a new position in Amazon.com in the fourth quarter valued at about $27,266,582,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.1%

Amazon.com stock traded up $0.17 during mid-day trading on Tuesday, hitting $221.47. 37,075,084 shares of the company's stock were exchanged, compared to its average volume of 44,927,371. The firm has a market capitalization of $2.36 trillion, a P/E ratio of 33.76, a PEG ratio of 1.50 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company's 50 day simple moving average is $219.94 and its 200-day simple moving average is $208.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the business posted $1.26 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMZN shares. BMO Capital Markets boosted their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Truist Financial upped their price target on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Moffett Nathanson upped 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. Cantor Fitzgerald upped their price target on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Pivotal Research boosted their price objective on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $262.45.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,101,037 shares of company stock worth $5,674,726,368 in the last three months. Company insiders own 10.80% 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.