Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 442,873 shares of the e-commerce giant's stock after acquiring an additional 2,925 shares during the period. Amazon.com accounts for about 4.2% of Shell Asset Management Co.'s investment portfolio, making the stock its 4th largest position. Shell Asset Management Co.'s holdings in Amazon.com were worth $97,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at approximately $27,000. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the period. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after buying an additional 80 shares during the period. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com in the fourth quarter valued at approximately $51,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America raised their price target on shares of Amazon.com from $230.00 to $248.00 and gave the company a "buy" rating in a report on Monday. Westpark Capital restated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Wedbush restated an "outperform" rating and issued a $235.00 price target (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. DA Davidson cut their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Piper Sandler reiterated an "overweight" rating and set a $212.00 price objective (down previously from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $244.57.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now owns 119,780 shares of the company's stock, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,537 shares of company stock valued at $20,018,625 over the last 90 days. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock traded up $1.64 during mid-day trading on Monday, reaching $206.65. The company's stock had a trading volume of 29,035,810 shares, compared to its average volume of 41,969,117. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.37, a PEG ratio of 1.50 and a beta of 1.30. The business has a 50 day moving average price of $190.68 and a 200-day moving average price of $208.63. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.