Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Hyperion Asset Management Ltd

Hyperion Asset Management Ltd trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,379,544 shares of the e-commerce giant's stock after selling 114,774 shares during the period. Amazon.com comprises about 10.0% of Hyperion Asset Management Ltd's investment portfolio, making the stock its 2nd largest holding. Hyperion Asset Management Ltd's holdings in Amazon.com were worth $302,658,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Regent Peak Wealth Advisors LLC grew its stake in Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock valued at $9,906,000 after acquiring an additional 318 shares during the period. RMR Wealth Builders boosted its position in shares of Amazon.com by 2.5% during the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock worth $15,450,000 after buying an additional 1,690 shares during the period. Mayfair Advisory Group LLC boosted its position in shares of Amazon.com by 13.4% during the fourth quarter. Mayfair Advisory Group LLC now owns 5,697 shares of the e-commerce giant's stock worth $1,250,000 after buying an additional 672 shares during the period. Fiduciary Financial Group LLC boosted its position in shares of Amazon.com by 19.5% during the fourth quarter. Fiduciary Financial Group LLC now owns 9,249 shares of the e-commerce giant's stock worth $2,025,000 after buying an additional 1,511 shares during the period. Finally, 626 Financial LLC boosted its position in shares of Amazon.com by 0.6% during the fourth quarter. 626 Financial LLC now owns 36,176 shares of the e-commerce giant's stock worth $7,937,000 after buying an additional 229 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on AMZN shares. The Goldman Sachs Group reduced their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Truist Financial reduced their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Mizuho lowered their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president now directly owns 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Down 0.6%

AMZN stock traded down $1.30 during trading on Wednesday, hitting $204.72. 27,702,158 shares of the company's stock traded hands, compared to its average volume of 41,935,830. The firm has a market capitalization of $2.17 trillion, a P/E ratio of 37.02, a PEG ratio of 1.50 and a beta of 1.30. The business has a fifty day simple moving average of $190.38 and a two-hundred day simple moving average of $208.73. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS 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.