Concord Asset Management LLC VA reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,979 shares of the e-commerce giant's stock after selling 4,222 shares during the quarter. Amazon.com makes up about 1.5% of Concord Asset Management LLC VA's portfolio, making the stock its 17th biggest holding. Concord Asset Management LLC VA's holdings in Amazon.com were worth $6,678,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the 4th quarter worth $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% during the 4th 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 in the last quarter. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $40,000. 72.20% of the stock is currently owned by institutional investors.
Insider Activity 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. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 in the last quarter. 9.70% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on AMZN shares. BMO Capital Markets boosted their price target on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Bank of America upped their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Oppenheimer lowered their target price on Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Moffett Nathanson upped their target price on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $262.87.
View Our Latest Stock Analysis on Amazon.com
Amazon.com Price Performance
AMZN stock traded down $0.68 during mid-day trading on Friday, hitting $230.30. 26,588,843 shares of the stock were exchanged, compared to its average volume of 44,860,145. The stock has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 35.12, a PEG ratio of 1.51 and a beta of 1.31. The business has a fifty day moving average price of $221.06 and a 200 day moving average price of $208.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.
About Amazon.com
(
Free Report)
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.
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