Hoffman Alan N Investment Management Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Hoffman Alan N Investment Management reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 237,360 shares of the e-commerce giant's stock after selling 4,214 shares during the quarter. Amazon.com accounts for 23.3% of Hoffman Alan N Investment Management's holdings, making the stock its 2nd biggest holding. Hoffman Alan N Investment Management's holdings in Amazon.com were worth $45,160,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Tallon Kerry Patrick acquired a new position in shares of Amazon.com during the 4th quarter worth $800,000. Capital & Planning LLC lifted its holdings in shares of Amazon.com by 72.1% during the fourth 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 raised its position in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after acquiring an additional 860 shares during the last quarter. Brighton Jones LLC increased its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the period. Finally, Cottonwood Capital Advisors LLC grew its holdings in Amazon.com by 11.8% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 9,520 shares of the e-commerce giant's stock worth $2,089,000 after acquiring an additional 1,003 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $1.14 during trading on Friday, reaching $212.10. 29,295,190 shares of the stock traded hands, compared to its average volume of 42,102,749. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a 50-day moving average of $194.64 and a 200-day moving average of $209.13.

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, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for 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 company's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMZN. Piper Sandler restated an "overweight" rating and set a $212.00 price target (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Wells Fargo & Company dropped their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Oppenheimer reduced their price target on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, DA Davidson cut their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $244.89.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the vice president now owns 119,780 shares of the company's stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by corporate insiders.

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.