Nichols & Pratt Advisers LLP MA Sells 3,400 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Nichols & Pratt Advisers LLP MA reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.8% in the first quarter, according to its latest Securities and Exchange Commission filing. The institutional investor held 190,202 shares of the e-commerce giant after selling 3,400 shares in the quarter. Amazon.com makes up 2.3% of Nichols & Pratt Advisers LLP MA’s portfolio, making it the 14th largest stock. Nichols & Pratt Advisers LLP MA’s stake in Amazon.com was worth $34,314,000, according to its latest Securities and Exchange Commission filing.

Several other hedge funds also added or decreased their holdings in the stock. First National Bank & Trust Co. of Newtown increased its holdings in Amazon.com shares by 1.4% in the first quarter. First National Bank & Trust Co. of Newtown now owns 5,161 shares of the e-commerce giant worth $931,000 after purchasing an additional 71 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in Amazon.com shares by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant worth $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Marks Group Wealth Management Inc. increased its holdings in Amazon.com shares by 3.6% in the first quarter. Marks Group Wealth Management Inc. now owns 34,749 shares of the e-commerce giant worth $6,268,000 after purchasing an additional 1,205 shares in the last quarter. Newman Dignan & Sheerar Inc. increased its holdings in shares of Amazon.com by 1.5% in the first quarter. Newman Dignan & Sheerar Inc. now owns 25,501 shares of the e-commerce giant worth $4,600,000 after purchasing an additional 378 shares in the last quarter. Finally, Sycomore Asset Management increased its holdings in shares of Amazon.com by 54.5% in the first quarter. Sycomore Asset Management now owns 850 shares of the e-commerce giant worth $149,000 after purchasing an additional 300 shares in the last quarter. 72.20% of the shares are owned by institutional investors.

Analysts set new price targets

Several research analysts have recently issued reports on the company. Loop Capital raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6. Barclays raised their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1. Raymond James raised their price objective on Amazon.com from $200.00 to $205.00 and gave the company a “strong buy” rating in a research report on Wednesday, May 1. Morgan Stanley raised their price objective on Amazon.com from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1. Finally, JMP Securities reiterated a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1. One research analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given the stock a “strong buy” rating. The stock currently has a consensus rating of “Buy” and an average price target of $215.86, according to data from MarketBeat.

See our latest stock report on AMZN

Internal activity

In other news, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total value of $292,804,474.96. Following the completion of the sale, the insider now directly owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a document filed with the SEC, which is available at this link . Additionally, company insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction that occurred on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. Disclosure of this sale can be found here . Company insiders have sold 1,532,985 shares of the company’s stock valued at $305,578,679 over the last ninety days. Company insiders own 10.80% of the stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $200.00 on Monday. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 56.02, a PEG ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $200.55. The company has a 50-day simple moving average of $185.99 and a 200-day simple moving average of $174.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a current ratio of 0.87.

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 (EPS) for the quarter, beating the consensus estimate 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 return on equity of 19.86% and a net margin of 6.38%. The company’s revenue increased 12.5% ​​year-over-year for the quarter. During the same period last year, the company earned $0.31 EPS. Equity analysts are forecasting 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.

Featured Stories

Get daily news and reviews for Amazon.com – Enter your email address below to receive a concise summary of the latest news and analyst ratings for Amazon.com and related companies in MarketBeat.com’s FREE daily newsletter.