Bailard Inc. Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Bailard Inc. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,048 shares of the e-commerce giant's stock after selling 5,856 shares during the period. Amazon.com accounts for about 1.3% of Bailard Inc.'s portfolio, making the stock its 19th biggest position. Bailard Inc.'s holdings in Amazon.com were worth $49,857,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the fourth quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management bought a new position in Amazon.com in the fourth quarter worth approximately $35,000. Cooksen Wealth LLC bought a new position in Amazon.com in the first quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC bought a new position in Amazon.com in the first quarter worth approximately $40,000. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated 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 transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. DA Davidson increased their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Piper Sandler increased their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Evercore ISI reissued an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Trading Up 0.0%

NASDAQ:AMZN traded up $0.05 during mid-day trading on Friday, reaching $231.03. 39,600,434 shares of the company's stock traded hands, compared to its average volume of 47,994,872. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.22, a PEG ratio of 1.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a 50 day moving average price of $221.41 and a 200-day moving average price of $208.44.

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