James J. Burns & Company LLC reduces stake in Amazon.com, Inc. (NASDAQ:AMZN)

James J. Burns & Company LLC has reduced its position in shares of Amazon.com, Inc., according to its latest disclosure to the Securities and Exchange Commission (SEC). (NASDAQ:AMZN) up 16.7% in the fourth quarter. The institutional investor owned 11,883 shares of the e-commerce giant after selling 2,375 shares during the quarter. At the end of the last quarter, James J. Burns & Company LLC’s stock in Amazon.com was worth $1,805,000.

Several other hedge funds also adjusted their holdings in the stock. Vanguard Group Inc. increased its position in Amazon.com shares by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after acquiring an additional 32,038,029 shares in the last quarter. FMR LLC increased its position in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $17,700,551,000. Northern Trust Corp improved its position on Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC improved its position on Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. 72.20% of the shares are held by institutional investors and hedge funds.

Amazon.com Stock Up 1.5%

Amazon.com shares closed at $187.06 on Tuesday. The company has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.40, a PEG ratio of 1.32 and a beta of 1.14. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The company’s 50-day moving average is $182.66 and its two-hundred-day moving average is $169.27. Amazon.com, Inc. it has a 52-week low of $118.35 and a 52-week high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was $143.31 billion, compared to the consensus estimate of $142.65 billion. During the same period last year, the company earned $0.31 EPS. The company’s revenue for the quarter was up 12.5% year-over-year. On average, analysts expect Amazon.com, Inc. will report 4.72 EPS for the current financial year.

Confidential activity

In other news, on Thursday, March 21st, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the completion of the sale, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities and Exchange Commission, available at this hyperlink. In other news, on Thursday, March 21st, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the completion of the sale, the CEO now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a document filed with the Securities and Exchange Commission, available at this hyperlink. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total 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 announcement of this sale can be found here. Over the last 90 days, insiders have sold 65,838 shares of company stock worth $11,984,344. Insiders own 10.80% of the company’s shares.

Wall Street analysts predict growth

Many research analysts have rated the stock. Raymond James increased their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “single buy” rating in a research report on Wednesday, May 1st. Piper Sandler raised their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Citigroup raised their target price on shares of Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Wells Fargo & Company raised their target price on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Loop Capital raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, May 6th. One analyst has rated the company with a hold rating, forty-three have rated the company with a buy rating and one has given the company a strong buy rating. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $213.82.

Check out our latest analysis on Amazon.com

Amazon.com company profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. 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 media content.

Amazon.com Stock Up 1.5%

Confidential activity

Wall Street analysts predict growth

Amazon.com company profile

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