Richard Bernstein Advisors LLC Has $33.34 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Richard Bernstein Advisors LLC reduced its stake in Amazon.com, Inc. by 4.9%, selling 8,987 shares but still holding 175,228 shares, which are now valued at approximately $33.34 million.
• Jeffrey P. Bezos sold 2,643,142 shares of Amazon's stock for over $609 million, equating to a 0.30% decrease in his holdings, while insiders collectively sold over $5.67 billion in shares over the last three months.
• Analysts have a consensus "Buy" rating for Amazon, with target price increases from several firms, with Stifel Nicolaus raising its price target from $245 to $262, reflecting strong investor confidence.

Richard Bernstein Advisors LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 175,228 shares of the e-commerce giant's stock after selling 8,987 shares during the quarter. Amazon.com comprises about 0.8% of Richard Bernstein Advisors LLC's investment portfolio, making the stock its 23rd largest position. Richard Bernstein Advisors LLC's holdings in Amazon.com were worth $33,339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMZN. Security National Bank of SO Dak raised its position in shares of Amazon.com by 34.1% during the first quarter. Security National Bank of SO Dak now owns 6,777 shares of the e-commerce giant's stock worth $1,289,000 after acquiring an additional 1,723 shares during the last quarter. Financial Counselors Inc. raised its position in shares of Amazon.com by 2.3% during the first quarter. Financial Counselors Inc. now owns 902,152 shares of the e-commerce giant's stock worth $171,643,000 after acquiring an additional 20,172 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the first quarter worth $36,000. Wood Tarver Financial Group LLC raised its position in shares of Amazon.com by 4.8% during the first quarter. Wood Tarver Financial Group LLC now owns 6,258 shares of the e-commerce giant's stock worth $1,191,000 after acquiring an additional 289 shares during the last quarter. Finally, YANKCOM Partnership raised its position in shares of Amazon.com by 1.3% during the first quarter. YANKCOM Partnership now owns 27,857 shares of the e-commerce giant's stock worth $5,300,000 after acquiring an additional 361 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays upped their price objective on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Friday. Pivotal Research upped their price objective on Amazon.com from $260.00 to $285.00 and gave the company a "buy" rating in a report on Friday. 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 report on Friday. Finally, Telsey Advisory Group boosted their target price on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $262.45.

Amazon.com Price Performance

Shares of AMZN stock traded up $2.13 during trading hours on Tuesday, reaching $213.78. The company's stock had a trading volume of 37,949,521 shares, compared to its average volume of 45,012,129. The firm's 50 day simple moving average is $218.42 and its 200-day simple moving average is $208.93. The company has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 32.58, a PEG ratio of 1.57 and a beta of 1.31. Amazon.com, Inc. has a fifty-two week low of $158.54 and a fifty-two week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the business posted $1.26 EPS. Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Company insiders own 10.80% of the company's stock.

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.