YHB Investment Advisors Inc. Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

YHB Investment Advisors Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 216,571 shares of the e-commerce giant's stock after selling 4,366 shares during the period. Amazon.com makes up approximately 3.4% of YHB Investment Advisors Inc.'s portfolio, making the stock its 3rd biggest holding. YHB Investment Advisors Inc.'s holdings in Amazon.com were worth $41,205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com during the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc grew its position in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer owned 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,602,037 shares of company stock valued at $3,044,172,641 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, July 10th. Moffett Nathanson lifted their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Oppenheimer lifted their target price on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Barclays lowered their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Piper Sandler set a $250.00 price target on shares of Amazon.com and gave the stock an "overweight" rating in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $249.83.

Amazon.com Stock Performance

AMZN stock traded down $3.42 during midday trading on Wednesday, reaching $222.93. 14,861,291 shares of the company were exchanged, compared to its average volume of 41,992,631. Amazon.com, Inc. has a one year low of $151.61 and a one year 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 capitalization of $2.37 trillion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The business has a 50-day moving average price of $211.52 and a two-hundred day moving average price of $208.50.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast 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.