Eagle Ridge Investment Management Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

Eagle Ridge Investment Management reduced its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.5% in the first quarter, according to the company’s latest Form 13F filing with the Securities and Exchange Commission. The institutional investor held 4,433 shares of the e-commerce giant after selling 112 shares during the quarter. Eagle Ridge Investment Management’s stake in Amazon.com was worth $800,000 at the end of the last quarter.

Several other major investors also recently modified their holdings in the company. Smith Shellnut Wilson LLC ADV increased its stake in Amazon.com by 14.8% in the third quarter. Smith Shellnut Wilson LLC ADV now owns 6,039 shares of the e-commerce giant’s stock worth $768,000 after purchasing an additional 779 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in Amazon.com shares by 32.5% in the third quarter. SRS Capital Advisors Inc. now owns 32,541 shares of the e-commerce giant’s stock worth $4,137,000 after purchasing an additional 7,988 shares in the last quarter. Stansberry Asset Management LLC increased its position in Amazon.com shares by 19.9% ​​in the third quarter. Stansberry Asset Management LLC now owns 102,628 shares of the e-commerce giant’s stock worth $13,046,000 after purchasing an additional 16,998 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Amazon.com by 0.4% in the third quarter. AQR Capital Management LLC now owns 3,717,374 shares of the e-commerce giant’s stock worth $472,553,000 after purchasing an additional 12,978 shares in the last quarter. Finally, Royal Capital Wealth Management LLC increased its position in Amazon.com by 1.8% in the third quarter. Royal Capital Wealth Management LLC now owns 12,810 shares of the e-commerce giant’s stock worth $1,628,000 after purchasing an additional 226 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Internal Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction dated Friday, July 5. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in legal documents filed with the SEC, which can be found at this link . In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of Amazon.com stock in a transaction dated Friday, July 5. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the sale, the insider now owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The sale was disclosed in a filing with the Securities and Exchange Commission, 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 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 . Insiders have sold 5,847,094 shares of the company’s stock valued at $1,169,058,874 over the last ninety days. Company insiders own 10.80% of the stock.

Wall Street analysts assess

Several equity research analysts have issued reports on AMZN stock. Monness Crespi & Hardt raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Oppenheimer raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock a “outperform” rating in a research note on Wednesday, May 1. Loop Capital raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, May 6. Mizuho raised their price target on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 1. Finally, 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 research note on Wednesday, May 1. One investment analyst rated the stock a “hold,” forty-two gave a “buy” rating, and one gave a “strong buy” rating. The company has an average rating of “buy” and a consensus price target of $217.38, based on data from MarketBeat.com.

See our latest stock report on AMZN

Amazon.com revenue up 0.2%

NASDAQ AMZN opened at $199.79 on Thursday. The stock’s 50-day average price is $187.26, and its 200-day average price is $175.75. The company has a current ratio of 1.07, a current ratio of 0.87, and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.08 trillion, a P/E ratio of 55.96, a P/E/G ratio of 1.43, and a beta of 1.15. The low of Amazon.com, Inc.’s stock price in the last 12 months was $118.35, and the high was $201.20.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly financial results 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 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 the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. The company’s quarterly revenue increased 12.5% ​​compared to the same quarter last year. Equity analysts are forecasting that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

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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