Amazon.com, Inc. (NASDAQ:AMZN) is Richelieu Gestion SA’s second-largest stock

Richelieu Gestion SA has lowered its position in Amazon.com, Inc., according to its latest disclosure to the Securities and Exchange Commission. (NASDAQ:AMZN – Free Report) up 12.9% in the first quarter. The company owned 28,293 shares of the e-commerce giant after selling 4,191 shares during the quarter. Amazon.com accounts for approximately 5.2% of Richelieu Gestion SA’s portfolio, making it the second largest company. At the end of the last reporting period, the value of Richelieu Gestion SA’s shares in Amazon.com was USD 5,103,000.

Several other institutional investors have also recently changed their position in the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC bought a new position in Amazon.com in the fourth quarter worth approximately $43,000. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $46,000. Finally, Steph & Co. purchased a new stake in shares of Amazon.com in the first quarter worth approximately $65,000. Institutional investors own 72.20% of the company’s stock.

Changes in analyst ratings

Several equity analysts have recently commented on the company. Barclays increased their price target on Amazon.com from $220.00 to $230.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. Goldman Sachs Group raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Citigroup raised their price target on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 15th. One investment analyst has rated the stock as a Hold, forty-three have rated the stock with a buy rating and one has rated the company’s stock with a strong buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $215.86.

Get our latest analysis on AMZN

Insider buying and selling on Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3. The shares were sold for an average price of $177.29, for a total value of $620,515.00. Following the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink . In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3. The shares were sold for an average price of $177.29, for a total transaction value of $620,515.00. Following the sale, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total transaction value of $489,753.00. Following the completion of the sale, the Vice President now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. An announcement regarding the sale can be found here. In the last quarter, insiders sold 65,338 shares of the company’s stock, valued at $11,894,344. Insiders now own 10.80% of the outstanding shares.

Amazon.com revenue falls 2.3%

AMZN stock opened at $193.25 on Friday. The company has a market cap of $2.01 trillion, a price-to-earnings ratio of 54.13, a PEG ratio of 1.42 and a beta of 1.14. The stock has a 50-day simple moving average of $183.87 and a 200-day simple moving average of $173.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $199.84.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, $0.15 above the consensus estimate of $0.83. The company’s revenue for the quarter was $143.31 billion, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenues for this quarter increased by 12.5% ​​compared to the same quarter last year. During the same quarter last year, the company earned $0.31 per share. Stock research analysts expect Amazon.com, Inc. will see an average of 4.72 EPS in the current fiscal year.

Amazon.com Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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