1834 Investment Advisors Co. has a $5.33 million position in Amazon.com, Inc. (NASDAQ:AMZN)

1834 Investment Advisors Co. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.5% in the 1st quarter, according to its latest 13F filing with the Securities and Exchange Commission. The firm came to own 29,554 shares of the e-commerce giant after selling 6,261 shares during the quarter. 1834 Investment Advisors Co.’s stake in Amazon.com was worth $5,331,000 at the end of the last reporting period.

Several other institutional investors also recently modified their holdings in AMZN. Norges Bank acquired a new position in shares of Amazon.com in Q4 worth approximately $17,700,551,000. International Assets Investment Management LLC increased its position in shares of Amazon.com by 16,029.3% in Q4. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after purchasing an additional 23,717,254 shares during the period. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.7% in Q4. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock worth $117,158,872,000 after purchasing an additional 13,134,632 shares during the period. Global Assets Advisory LLC increased its position in shares of Amazon.com by 30,350.2% in the 1st quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock worth $1,178,164,000 after purchasing an additional 6,510,119 shares during the period. Finally, Assenagon Asset Management SA increased its position in shares of Amazon.com by 33.2% in the 1st quarter. Assenagon Asset Management SA now owns 14,791,685 shares of the e-commerce giant’s stock worth $2,668,124,000 after purchasing an additional 3,687,522 shares during the period. 72.20% of the stock is currently held by institutional investors and hedge funds.

Amazon.com sees a 2.2% drop

NASDAQ AMZN opened at $183.75 on Friday. The company has a 50-day simple moving average of $187.68 and a 200-day simple moving average of $177.18. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $201.20. The stock has a market capitalization of $1.91 trillion, a P/E ratio of 51.47, a P/E/G ratio of 1.38 and a beta of 1.15. 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 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 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 quarter last year, the company reported earnings per share of $0.31. The company’s revenue increased 12.5% ​​year-over-year. Research analysts expect Amazon.com, Inc. to report earnings per share of $4.72 for the current year.

Buying and selling confidential information

In other Amazon.com news, insider Jeffrey P. Bezos sold 266,396 shares of the company’s stock in a transaction that occurred on Wednesday, July 10. The shares were sold at an average price of $200.01, for a total value of $53,281,863.96. Following the completion of the sale, the insider now owns 928,433,873 shares of the company’s stock, valued at $185,696,058,938.73. The sale was disclosed in legal documents filed with the Securities & Exchange Commission, which are available at this hyperlink . In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 3. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the CEO now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in legal documents filed with the Securities and Exchange Commission, which are available at this hyperlink . Additionally, insider Jeffrey P. Bezos sold 266,396 shares of the company’s stock in a transaction that occurred on Wednesday, July 10. The shares were sold at an average price of $200.01, for a total of $53,281,863.96. Following the completion of the sale, the insider now directly owns 928,433,873 shares of the company’s stock, valued at approximately $185,696,058,938.73. Disclosure regarding this sale can be found here . Insiders have sold 6,112,990 shares of the company’s stock valued at $1,222,250,048 over the last 90 days. The company’s insiders own 10.80% of the company’s shares.

Analyst ratings upgrades and downgrades

Several equities analysts have recently issued reports on shares of AMZN. Moffett Nathanson reiterated a “buy” rating and issued a $228.00 price target for shares of Amazon.com in a research report on Thursday, April 11. Robert W. Baird raised their price target for Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21. Bank of America raised their price target for Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, June 26. Monness Crespi & Hardt raised their price target for Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. Finally, Goldman Sachs Group raised its price target on Amazon.com from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst rated the stock a “hold,” forty-two gave a “buy” rating, and one gave the stock a “strong buy” rating. Amazon.com currently has an average rating of “buy” and an average price target of $218.82, according to data from MarketBeat.com.

See our latest analysis on Amazon.com

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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