Strategic Advisors LLC Decreases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Advisors LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,399 shares of the e-commerce giant's stock after selling 4,278 shares during the period. Amazon.com comprises 4.7% of Strategic Advisors LLC's investment portfolio, making the stock its 4th largest position. Strategic Advisors LLC's holdings in Amazon.com were worth $24,619,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. Tallon Kerry Patrick purchased a new position in Amazon.com in the 4th quarter worth approximately $800,000. Capital & Planning LLC increased its stake in Amazon.com by 72.1% in the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares during the period. LaFleur & Godfrey LLC increased its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC increased its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $301,650,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 1.5%

Shares of AMZN stock traded up $3.21 during mid-day trading on Friday, hitting $223.13. The company's stock had a trading volume of 29,632,353 shares, compared to its average volume of 42,031,611. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The business has a 50-day moving average price of $206.44 and a 200 day moving average price of $208.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.34, a PEG ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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 company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. Amazon.com's revenue was up 8.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 3,100,000 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $221.42, for a total value of $686,402,000.00. Following the transaction, the insider owned 905,679,901 shares of the company's stock, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,426,963 shares of company stock valued at $757,297,707 in the last 90 days. Insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMZN shares. Piper Sandler reissued an "overweight" rating and set a $212.00 target price (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Scotiabank reduced their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. boosted their target price on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Truist Financial boosted their target price on Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Benchmark reissued a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average price target of $245.60.

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.