Manning & Napier Advisors LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 27.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,201,192 shares of the e-commerce giant's stock after selling 454,379 shares during the quarter. Amazon.com comprises approximately 2.8% of Manning & Napier Advisors LLC's portfolio, making the stock its 4th largest holding. Manning & Napier Advisors LLC's holdings in Amazon.com were worth $228,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the 4th quarter worth $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the period. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at $40,000. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com in the fourth quarter valued at $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Trading Up 0.3%
Shares of AMZN traded up $0.71 on Tuesday, hitting $226.40. 24,864,427 shares of the stock traded hands, compared to its average volume of 42,045,547. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.40 trillion, a P/E ratio of 36.89, a P/E/G ratio of 1.69 and a beta of 1.33. The stock's 50 day moving average is $210.69 and its two-hundred day moving average is $208.38. 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 posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company 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 10.14% and a return on equity of 24.14%. Amazon.com's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have commented on AMZN. Raymond James Financial restated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Evercore ISI dropped their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. DA Davidson dropped 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 note on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and set a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Cantor Fitzgerald boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $249.42.
Check Out Our Latest Report on AMZN
Insider Activity at Amazon.com
In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 47,030 shares of the company's stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 over the last 90 days. 10.80% of the stock is currently owned by insiders.
Amazon.com Company Profile
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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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