WD Rutherford LLC sells 425 shares of Amazon.com, Inc. (NASDAQ:AMZN)

WD Rutherford LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 1.5% in the first quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The company owned 27,581 shares of the e-commerce giant after selling 425 shares during the period. Amazon.com makes up about 2.6% of WD Rutherford LLC’s portfolio, making it the 7th-largest stock. WD Rutherford LLC’s stake in Amazon.com was worth $4,975,000 at the end of the last reporting period.

A number of other institutional investors and hedge funds also recently changed their positions in the company. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after acquiring an additional 13,134,632 shares during the period. Norges Bank bought a new position in Amazon.com in the fourth quarter worth approximately $17,700,551,000. Northern Trust Corp increased its position in 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 worth $11,736,905,000 after acquiring an additional 3,260,411 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of 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. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Amazon.com by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 51,920,953 shares of the e-commerce giant’s stock worth $7,888,870,000 after purchasing an additional 1,525,922 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com shares down 1.2%

Amazon.com shares opened at $197.59 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.43. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 55.35, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company’s 50-day simple moving average is $185.10, and its 200-day simple moving average is $174.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a current ratio of 1.07.

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 the consensus estimate of $0.83 by $0.15. 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 analysts’ expectations of $142.65 billion. During the same period last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter increased by 12.5% ​​compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analysts set new price targets

Several research analysts recently issued reports on the stock. UBS Group raised their price target on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Mizuho raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Argus raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2. Finally, Morgan Stanley raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-three have given the stock a “buy” rating, and one has given the stock a “strong buy” rating. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $215.86.

Download our latest research report on Amazon.com

Buying and selling confidential information

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, July 1. The shares were sold at an average price of $195.99, for a total transaction amount of $685,965.00. Following the transaction, the CEO now directly owns 519,753 shares of the company’s stock valued at $101,866,390.47. The transaction was disclosed in documents filed with the SEC, which can be accessed through the SEC’s website . In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, July 1. The shares were sold at an average price of $195.99, for a total transaction amount of $685,965.00. Following the transaction, the CEO now directly owns 519,753 shares of the company’s stock valued at $101,866,390.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Additionally, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total transaction value of $90,690.00. Following the completion of the transaction, the CEO now 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 ninety days, insiders have sold 69,548 shares of the company’s stock, valued at $12,774,204. Insiders own 10.80% of the stock.

About Amazon.com

(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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