Amazon.com, Inc. $AMZN Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,343 shares of the e-commerce giant’s stock after selling 2,936 shares during the period. Amazon.com accounts for approximately 0.7% of Integrated Investment Consultants LLC’s portfolio, making the stock its 29th biggest holding. Integrated Investment Consultants LLC’s holdings in Amazon.com were worth $3,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dala Group LLC acquired a new position in Amazon.com in the 1st quarter valued at about $1,755,000. Krane Financial Solutions LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth about $486,000. Henshaw Capital LLC boosted its stake in shares of Amazon.com by 4.5% during the 1st quarter. Henshaw Capital LLC now owns 337,674 shares of the e-commerce giant’s stock worth $70,327,000 after purchasing an additional 14,500 shares during the last quarter. Cozad Asset Management Inc. grew its holdings in shares of Amazon.com by 3.1% during the first quarter. Cozad Asset Management Inc. now owns 102,321 shares of the e-commerce giant’s stock worth $21,310,000 after buying an additional 3,075 shares in the last quarter. Finally, Lavelle Capital LP purchased a new stake in shares of Amazon.com during the first quarter worth about $355,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of Amazon.com stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the sale, the chief executive officer directly owned 14,159 shares in the company, valued at $3,729,480.60. The trade was a 52.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $278.39, for a total value of $278,390.00. Following the completion of the transaction, the chief executive officer directly owned 483,527 shares in the company, valued at approximately $134,609,081.53. The trade was a 0.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 62,650 shares of company stock worth $16,535,457 over the last quarter. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $265.13 on Friday. The firm has a fifty day moving average of $247.57 and a 200-day moving average of $238.49. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.86 trillion, a P/E ratio of 21.33, a PEG ratio of 1.78 and a beta of 1.45.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The company’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AMZN shares. Telsey Advisory Group set a $335.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Pivotal Research reaffirmed a “buy” rating and issued a $333.00 target price (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Monness Crespi & Hardt boosted their price target on Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, July 31st. Piper Sandler reissued an “overweight” rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Wells Fargo & Company restated an “overweight” rating and set a $328.00 price objective (up from $322.00) on shares of Amazon.com in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $322.56.

View Our Latest Analysis on AMZN

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About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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