Amazon.com, Inc. (NASDAQ:AMZN) Reduction of company shares by Wellington Management Group LLP

Wellington Management Group LLP has reduced its holdings in Amazon.com, Inc. stock, according to its latest Form 13F filing with the SEC. (NASDAQ:AMZN) up 9.4% in the fourth quarter. The institutional investor owned 77,827,515 shares of the e-commerce giant after selling 8,057,592 shares during the quarter. Amazon.com is approximately 2.2% of Wellington Management Group LLP, making it its third-largest holding. At the end of the last quarter, Wellington Management Group LLP held approximately 0.75% of Amazon.com worth $11,825,113,000.

Several other large investors have also recently changed their positions in the industry. Fermata Advisors LLC increased its holdings in shares of Amazon.com by 238.6% in the third quarter. Fermata Advisors LLC now owns 15,205 shares of the e-commerce giant’s stock valued at $1,933,000 after purchasing an additional 10,715 shares during the period. Savant Capital LLC increased its holdings in shares of Amazon.com by 8.8% during the third quarter. Savant Capital LLC now owns 236,521 shares of the e-commerce giant’s stock valued at $30,067,000 after purchasing an additional 19,130 shares during the period. Factory Mutual Insurance Co. increased its holdings in Amazon.com shares by 4.2% in the third quarter. Factory Mutual Insurance Co. now owns 1,525,504 shares of the e-commerce giant’s stock valued at $193,922,000 after purchasing an additional 61,904 shares during the period. Hedeker Wealth LLC increased its holdings in shares of Amazon.com by 75.4% during the third quarter. Hedeker Wealth LLC now owns 70,783 shares of the e-commerce giant’s stock valued at $8,998,000 after purchasing an additional 30,422 shares during the period. Finally, Nicolet Advisory Services LLC increased its holdings in shares of Amazon.com by 8.1% in the third quarter. Nicolet Advisory Services LLC now owns 50,571 shares of the e-commerce giant’s stock valued at $6,423,000 after purchasing an additional 3,790 shares during the period. 72.20% of the shares are held by hedge funds and other institutional investors.

Confidential activity

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction amount 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 approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction amount of $90,000.00. Following the closing of the transaction, the CEO now directly owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this hyperlink. Additionally, Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39 for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The announcement of this sale can be found here. Insiders sold 65,838 shares of company stock worth $11,984,344 in the last quarter. Currently, insiders own 10.80% of the shares.

Amazon.com pricing performance

Shares of NASDAQ:AMZN opened at $183.66 on Monday. Amazon.com, Inc. it has a fifty-two week low of $118.35 and a fifty-two week high of $191.70. The company has a 50-day simple moving average of $182.92 and a two-hundred-day simple moving average of $170.35. The company has a debt to equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 51.45, a price-to-earnings growth ratio of 1.32 and a beta of 1.14.

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

A Wall Street analyst weighs in

Several research analysts have commented on the stock recently. Mizuho increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Piper Sandler increased their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Rosenblatt Securities maintained its “buy” rating and set a target price for Amazon.com shares at USD 220.00 in a report dated Wednesday, May 1. Moffett Nathanson maintained a “buy” rating on the stock and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11. Finally, Morgan Stanley raised their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One investment analyst rated the stock with a hold rating, forty-three gave it a buy rating and one gave it a strong buy rating. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $213.82.

Check out our latest stock analysis on Amazon.com

About Amazon.com

(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.

Confidential activity

Amazon.com pricing performance

A Wall Street analyst weighs in

About Amazon.com

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