Amazon.com, Inc. (NASDAQ:AMZN) is Sonata Capital Group Inc.'s 10th Largest Position

Key Points

• Sonata Capital Group Inc. reduced its holdings in Amazon.com, Inc. by 13.5%, now owning 37,631 shares valued at approximately $7.16 million.
• Insider Jeffrey P. Bezos sold over 2.6 million shares of Amazon stock, decreasing his ownership by 0.3%, while insiders collectively sold 25 million shares last quarter.
• Analysts have varying views on Amazon's stock, with target prices ranging from $230 to $262, and a consensus rating of "Moderate Buy".

Sonata Capital Group Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,631 shares of the e-commerce giant's stock after selling 5,895 shares during the quarter. Amazon.com accounts for about 3.1% of Sonata Capital Group Inc.'s holdings, making the stock its 10th biggest holding. Sonata Capital Group Inc.'s holdings in Amazon.com were worth $7,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter worth approximately $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth approximately $40,000. Finally, Perritt Capital Management Inc increased its stake in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. JMP Securities restated a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a research note on Friday. Citigroup increased their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday. Piper Sandler increased their price target on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday. Finally, BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Three analysts have rated the stock with a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $260.85.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Amazon.com stock traded down $19.36 during midday trading on Friday, reaching $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. 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's 50 day simple moving average is $217.93 and its 200 day simple moving average is $209.23. The firm has a market capitalization of $2.28 trillion, a PE ratio of 32.74, a P/E/G ratio of 1.74 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The business's revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.