Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Rice Partnership LLC

Key Points

• Rice Partnership LLC decreased its holdings in Amazon.com by 1.9% in Q1, owning 77,439 shares valued at approximately $14.73 million.
• Institutional investors hold 72.20% of Amazon's stock, reflecting significant investor confidence, while the company has an average target price of $255.52 from analysts.
• Amazon reported $1.68 earnings per share for the last quarter, exceeding estimates, and recorded a net margin of 10.14% with year-over-year revenue growth of 13.3%.

Rice Partnership LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 77,439 shares of the e-commerce giant's stock after selling 1,507 shares during the period. Amazon.com accounts for about 3.0% of Rice Partnership LLC's holdings, making the stock its 9th biggest position. Rice Partnership LLC's holdings in Amazon.com were worth $14,734,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMZN. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter valued at $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 valued at $5,754,425,000 after buying 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 valued at $14,416,078,000 after buying 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 valued at $180,637,081,000 after buying an additional 17,635,391 shares during the period. Finally, Capital International Investors grew its stake in shares of Amazon.com by 26.5% during the 4th quarter. Capital International Investors now owns 57,268,523 shares of the e-commerce giant's stock valued at $12,564,961,000 after buying an additional 12,000,745 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 8.3%

Amazon.com stock traded down $19.36 during midday trading on Friday, reaching $214.75. The stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The firm's fifty day simple moving average is $218.20 and its two-hundred day simple moving average is $209.21. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. 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 firm has a market cap of $2.28 trillion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.59 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 24.90%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the business posted $1.26 EPS. The company's revenue was up 13.3% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 25,099,537 shares of company stock worth $5,674,394,548 in the last ninety days. Company insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Jefferies Financial Group upped their price target on shares of Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Mizuho decreased their price target on shares of 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, BMO Capital Markets upped their price target on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday. Two equities research analysts have 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's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Buy" and an average price target of $260.85.

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.