Amazon.com, Inc. (NASDAQ:AMZN) Share Downgrade by Epiq Partners LLC

Epiq Partners LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the first quarter, according to a recent filing with the Securities & Exchange Commission. The institutional investor held 5,639 shares of the e-commerce giant after selling 97 shares during the period. Epiq Partners LLC’s stake in Amazon.com was worth $1,017,000 at the end of the last quarter.

A number of other institutional investors and hedge funds have also bought and sold AMZN shares recently. Cooksen Wealth LLC acquired a new stake in Amazon.com in Q4 worth about $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Amazon.com by 45.0% in Q4. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in Amazon.com in Q4 worth about $43,000. Harbor Investment Advisory LLC increased its holdings in Amazon.com by 0.7% in Q4. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new stake in Amazon.com in Q4 worth approximately $46,000. Institutional investors own 72.20% of the company’s shares.

Wall Street analysts assess

Multiple stock analysts have commented on AMZN stock. Moffett Nathanson reissued a “buy” rating and set a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18. Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. Barclays raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Finally, Maxim Group lowered their price target on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-three gave a buy rating, and one gave a strong buy rating. The stock currently has an average rating of “Buy” and a consensus price target of $215.86 based on data from MarketBeat.com.

Check out our latest research report on Amazon.com

Internal activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the CEO now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18. The shares were sold at an average price of $181.38, for a total of $90,690.00. Following the completion of the transaction, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. Disclosure of this sale can be found here. Over the last three months, insiders have sold 66,548 shares of the company’s stock, valued at $12,180,239. 10.80% of the stock is owned by insiders.

Amazon.com revenue growth of 2.0%

AMZN stock opened at $197.20 on Tuesday. The lowest price of Amazon.com, Inc. stock in the last 12 months was $118.35, and the highest was $199.84. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.05 trillion, a P/E ratio of 55.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The company’s 50 day moving average is $183.87 and a 200 day moving average is $173.28.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 period last year, the company earned $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% ​​compared to the same quarter last year. Equity analysts are predicting that Amazon.com, Inc. will post 4.72 EPS 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.

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