Nilsine Partners LLC Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Nilsine Partners LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 82,665 shares of the e-commerce giant's stock after selling 13,881 shares during the period. Amazon.com comprises about 1.9% of Nilsine Partners LLC's holdings, making the stock its 4th biggest holding. Nilsine Partners LLC's holdings in Amazon.com were worth $12,560,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC raised its position in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant's stock valued at $3,654,000 after buying an additional 79 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant's stock valued at $237,686,000 after purchasing an additional 13,060 shares during the period. Ironwood Wealth Management LLC. boosted its stake in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant's stock valued at $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp boosted its stake in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant's stock valued at $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC boosted its stake in shares of Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant's stock valued at $8,870,000 after purchasing an additional 540 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares of the company's stock, valued at approximately $18,150,723.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares of the company's stock, valued at $156,491,020,557.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company's stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 in the last three months. Company insiders own 12.30% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. The Goldman Sachs Group raised their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. DA Davidson reaffirmed a "buy" rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday. Wedbush reaffirmed an "outperform" rating and issued a $220.00 target price on shares of Amazon.com in a report on Wednesday, April 10th. Piper Sandler raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an "overweight" rating in a report on Friday, February 2nd. Finally, UBS Group raised their target price on shares of Amazon.com from $180.00 to $198.00 and gave the company a "buy" rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $202.80.

Amazon.com Stock Performance

AMZN traded down $4.59 on Friday, hitting $174.63. The company had a trading volume of 56,000,729 shares, compared to its average volume of 33,446,458. The company's fifty day moving average price is $177.28 and its 200 day moving average price is $157.27. Amazon.com, Inc. has a 1-year low of $101.15 and a 1-year high of $189.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market cap of $1.82 trillion, a price-to-earnings ratio of 60.22, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Equities analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Amazon.com 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.