Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,533,962 shares of the e-commerce giant's stock after selling 682,378 shares during the period. Amazon.com makes up 1.9% of Massachusetts Financial Services Co. MA's portfolio, making the stock its 3rd biggest position. Massachusetts Financial Services Co. MA owned 0.29% of Amazon.com worth $5,809,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Dakota Wealth Management lifted its stake in shares of Amazon.com by 1.1% in the first quarter. Dakota Wealth Management now owns 413,035 shares of the e-commerce giant's stock worth $78,584,000 after acquiring an additional 4,492 shares in the last quarter. LJI Wealth Management LLC lifted its stake in shares of Amazon.com by 3.6% in the first quarter. LJI Wealth Management LLC now owns 13,405 shares of the e-commerce giant's stock worth $2,551,000 after acquiring an additional 467 shares in the last quarter. Sumitomo Life Insurance Co. raised its stake in Amazon.com by 1.1% during the first quarter. Sumitomo Life Insurance Co. now owns 184,765 shares of the e-commerce giant's stock valued at $35,153,000 after buying an additional 2,066 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Amazon.com by 269.6% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,677,131 shares of the e-commerce giant's stock valued at $319,091,000 after buying an additional 1,223,351 shares in the last quarter. Finally, Baer Investment Advisory LLC raised its stake in Amazon.com by 0.6% during the first quarter. Baer Investment Advisory LLC now owns 25,631 shares of the e-commerce giant's stock valued at $5,372,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of several research reports. Susquehanna upped their price objective on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Citigroup restated an "overweight" rating on shares of Amazon.com in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Rosenblatt Securities upped their price objective on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Bank of America upped their price objective on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $262.87.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the sale, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN traded up $6.93 during trading on Thursday, reaching $231.49. 47,711,633 shares of the company traded hands, compared to its average volume of 44,886,172. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock's 50 day moving average price is $220.60 and its two-hundred day moving average price is $208.72. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 1.49 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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 net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.