Amazon.com, Inc. (NASDAQ:AMZN) Shares Downgraded by Talbot Financial LLC

Talbot Financial LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) shares by 0.7% in the 1st quarter, according to its latest 13F filing with the SEC. The fund held 264,853 shares of the e-commerce giant after selling 1,988 shares in the quarter. Amazon.com comprises about 6.4% of Talbot Financial LLC’s stake, making the stock its third-largest position. Talbot Financial LLC’s stake in Amazon.com was worth $47,774,000 at the end of the last reporting period.

A number of other institutional investors and hedge funds also bought and sold shares of the company. Collective Family Office LLC increased its position in Amazon.com shares by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its stake in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after acquiring an additional 341 shares during the period. Cherrydale Wealth Management LLC increased its holding in Amazon.com shares by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp increased its holdings in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after acquiring an additional 277,631 shares during the last quarter. 72.20% of the shares are currently owned by institutional investors.

Analysts set new price targets

Several equity research analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research report on Monday, July 1. Monness Crespi & Hardt raised their price target for Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1. Maxim Group lowered their price target for Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1. Piper Sandler raised their price target for shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1. Finally, Raymond James raised their price target on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong buy” rating in a report on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the company a “strong buy” rating. According to MarketBeat.com, the company has a consensus rating of “buy” and an average price target of $215.86.

See our latest analysis on Amazon.com

Insider Buying and Selling on Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the VP now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . In other Amazon.com news, VP David Zapolsky sold 9,490 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.41, for a total value of $1,721,580.90. Following the transaction, the senior VP now owns 64,210 shares of the company’s stock, valued at approximately $11,648,336.10. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink . Additionally, Vice President Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction on Tuesday, May 21. The shares were sold for an average price of $181.39, for a total of $489,753.00. Following the sale, the Vice President now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. Disclosure of that sale can be found here . Insiders sold 1,532,985 shares of the company’s stock valued at $305,578,679 during the last quarter. Company insiders own 10.80% of the stock.

Amazon.com drops 0.4%

NASDAQ AMZN stock opened at $199.29 on Tuesday. The lowest price in Amazon.com, Inc. stock over the last year was $118.35, and the highest was $201.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07, and a quick ratio of 0.87. The company’s 50-day moving average is $186.35, and a two-hundred-day moving average is $175.26. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 55.82, a PEG ratio of 1.43, and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter a year ago, the company earned $0.31 earnings per share. The company’s quarterly revenue increased 12.5% ​​year-over-year. Research analysts as a group expect Amazon.com, Inc. to post $4.72 earnings per share for the current year.

Amazon.com Company 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.

Further reading

Get daily news and reviews for Amazon.com – Enter your email address below to receive a concise summary of the latest news and analyst ratings for Amazon.com and related companies in MarketBeat.com’s FREE daily newsletter.