Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by PSI Advisors LLC

PSI Advisors LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 65.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,269 shares of the e-commerce giant's stock after selling 11,970 shares during the period. PSI Advisors LLC's holdings in Amazon.com were worth $1,193,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMZN. Norges Bank purchased a new position in Amazon.com during the 4th quarter worth $27,266,582,000. GAMMA Investing LLC grew its stake in shares of Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after purchasing an additional 30,104,520 shares during the period. Capital World Investors grew its stake in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the period. Vanguard Group Inc. grew its stake in shares of Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC grew its stake in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,046,582 shares of Amazon.com stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $223.92, for a total transaction of $458,270,641.44. Following the sale, the insider directly owned 902,480,530 shares in the company, valued at $202,083,440,277.60. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 47,030 shares of the company's stock, valued at $9,519,342.30. The trade was a 22.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,401,408 shares of company stock valued at $1,423,159,137. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $3.18 during midday trading on Wednesday, reaching $222.54. 38,059,198 shares of the company traded hands, compared to its average volume of 42,038,088. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a 50-day moving average price of $207.80 and a 200 day moving average price of $208.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market cap of $2.36 trillion, a price-to-earnings ratio of 36.24, a PEG ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Truist Financial upped their price target on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Bank of America upped their price target on shares of Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $246.41.

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.