US Asset Management LLC sells 364 shares of Amazon.com, Inc. (NASDAQ:AMZN)

US Asset Management LLC has reduced its stake in Amazon.com, Inc., according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMZN) up 1.6% in the first quarter. The institutional investor owned 23,116 shares of the e-commerce giant after selling 364 shares during the period. Amazon.com accounts for 3.8% of US Asset Management LLC’s portfolio, making it the fourth largest company. According to its most recent filing with the Securities and Exchange Commission (SEC), US Asset Management LLC’s stake in Amazon.com was worth $4,170,000.

A number of other institutional investors and hedge funds have also recently modified their holdings in the company. The Czech National Bank increased its stake in Amazon.com shares by 1.0% in the first quarter. Czech National Bank now owns 1,608,356 shares of the e-commerce giant’s stock valued at $290,115,000 after purchasing an additional 15,285 shares during the period. Fulton Bank NA increased its position in shares of Amazon.com by 1.4% during the first quarter. Fulton Bank NA now owns 141,923 shares of the e-commerce giant’s stock valued at $25,600,000 after purchasing an additional 1,924 shares during the period. Thomasville National Bank increased its position in shares of Amazon.com by 0.8% during the first quarter. Thomasville National Bank now owns 353,765 shares of the e-commerce giant’s stock valued at $63,812,000 after purchasing an additional 2,961 shares during the period. Signal Advisors Wealth LLC increased its stake in shares of Amazon.com by 9.4% during the first quarter. Signal Advisors Wealth LLC now owns 20,443 shares of the e-commerce giant’s stock valued at $3,688,000 after purchasing an additional 1,752 shares during the period. Finally, ACT Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth $238,000. 72.20% of the shares are held by institutional investors and hedge funds.

Amazon.com Confidential Transactions

In other news, VP 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 completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $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, VP 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 transaction was disclosed in a filing with the Securities and Exchange Commission, available at this link. Additionally, Keith Brian Alexander, director, sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the transaction, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The announcement of this sale can be found here. Over the last three months, insiders sold 65,338 shares of company stock worth $11,894,344. 10.80% of the shares are owned by corporate insiders.

Changes in analyst ratings

Several stock analysts have recently commented on AMZN stock. BMO Capital Markets increased their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Loop Capital increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, May 6. Piper Sandler increased their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Evercore ISI raised their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Monness Crespi & Hardt increased their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the company with a hold rating, forty-three analysts have issued a buy rating to the company and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $215.37, according to MarketBeat.

Read our latest stock analysis on AMZN

Amazon.com pricing performance

On Friday, NASDAQ AMZN opened at $189.08. The company has a 50-day simple moving average of $182.78 and a 200-day simple moving average of $171.37. 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 has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.96, a price-to-earnings growth ratio of 1.31 and a beta of 1.14. 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 quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, 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 increased by 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.31 per share. Stock research analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current financial year.

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 Confidential Transactions

Changes in analyst ratings

Amazon.com pricing performance

Amazon.com company profile

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