Amazon.com, Inc. (NASDAQ:AMZN) Shares Reduced by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 6.9% in the first quarter, according to the company’s latest disclosure with the Securities & Exchange Commission. The fund held 1,907,283 shares of the e-commerce giant after selling 142,148 shares during the period. Amazon.com makes up about 3.9% of Gateway Investment Advisers LLC’s investment portfolio, making the stock its fourth-largest position. Gateway Investment Advisers LLC’s stake in Amazon.com was worth $344,036,000 at the end of the last quarter.

Other major investors have also been buying and selling shares of the company recently. ShoreHaven Wealth Partners LLC increased its holdings in Amazon.com by 1.9% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock worth $491,000 after purchasing an additional 60 shares in the last quarter. O Dell Group LLC increased its holdings in Amazon.com by 0.5% in the fourth quarter. O Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock worth $2,064,000 after purchasing an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock worth $389,000 after purchasing an additional 62 shares in the last quarter. Ballew Advisors Inc increased its holdings in Amazon.com by 1.5% during the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock worth $790,000 after purchasing an additional 62 shares in the last quarter. Finally, in the fourth quarter, Socha Financial Group LLC increased its holdings in Amazon.com by 3.3%. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Internal Transactions

In related news, on Monday, April 1st, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction. The shares were sold at an average price of $180.73 for a total value of $632,555.00. Following the transaction, the CEO now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a document filed with the SEC, which can be found at this link . In related news, on Monday, April 1st, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction. The shares were sold at an average price of $180.73 for a total value of $632,555.00. Following the transaction, the CEO now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a document filed with the SEC, which is available at this link . Additionally, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction 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 transaction, the VP now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The announcement of the sale can be found here . Over the last 90 days, insiders have sold 65,338 shares of the company’s stock, valued at $11,894,344. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN shares opened at $193.25 on Friday. The company has a market capitalization of $2.01 trillion, a PE ratio of 54.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The company’s 50 day moving average is $183.87 and its 200-day moving average is $172.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84.

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

Wall Street analysts assess

Several research analysts have recently commented on AMZN stock. Evercore ISI raised their price target on Amazon.com from $220.00 to $225.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Morgan Stanley raised their price target on Amazon.com from $215.00 to $220.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. JMP Securities reiterated a market outperform rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, April 18th. Finally, Goldman Sachs Group increased their price target on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One research analyst has rated the stock as a “hold”, forty-three have assigned a “buy” rating and one has assigned a “strong buy” rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $215.86.

Check out our latest stock analysis on AMZN

About Amazon.com

(Free Report)

Amazon.com, Inc. engages in consumer products retailing, advertising and subscription services 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 also develops and produces multimedia content.

Further reading

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