Gamco Investors INC. ET AL Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Gamco Investors INC. ET AL reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,926 shares of the e-commerce giant's stock after selling 9,469 shares during the quarter. Gamco Investors INC. ET AL's holdings in Amazon.com were worth $29,821,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AMZN. Accordant Advisory Group Inc boosted its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC raised its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Citigroup restated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Truist Financial dropped their price target on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. DA Davidson reduced their target price on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $244.09.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,298 shares of company stock valued at $23,818,478 over the last three months. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Amazon.com stock traded up $2.73 during mid-day trading on Tuesday, reaching $211.37. 55,966,898 shares of the company's stock traded hands, compared to its average volume of 41,981,128. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a 50 day moving average of $188.50 and a two-hundred day moving average of $208.25. The company has a market cap of $2.24 trillion, a price-to-earnings ratio of 38.22, a PEG ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.