Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Ostrum Asset Management

Ostrum Asset Management lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 288,663 shares of the e-commerce giant's stock after selling 4,910 shares during the period. Amazon.com makes up about 5.5% of Ostrum Asset Management's investment portfolio, making the stock its 5th biggest holding. Ostrum Asset Management's holdings in Amazon.com were worth $63,330,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Cable Hill Partners LLC boosted its stake in Amazon.com by 0.5% in the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares during the period. Quattro Financial Advisors LLC boosted its stake in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. Northern Capital Management Inc. boosted its stake in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management boosted its stake in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the period. Finally, MBM Wealth Consultants LLC boosted its stake in Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after purchasing an additional 48 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.3%

Shares of AMZN traded up $0.57 during midday trading on Monday, reaching $206.16. 34,235,970 shares of the stock were exchanged, compared to its average volume of 41,958,333. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company's 50 day moving average is $189.48 and its two-hundred day moving average is $208.82. The company has a market capitalization of $2.19 trillion, a P/E ratio of 37.28, a PEG ratio of 1.50 and a beta of 1.30.

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

Analysts Set New Price Targets

Several research analysts have weighed in on AMZN shares. Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Piper Sandler reaffirmed an "overweight" rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Loop Capital upped their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, Westpark Capital reaffirmed a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,582 shares of company stock valued at $18,677,692 over the last quarter. 9.70% of the stock is owned by corporate insiders.

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.